J.B. Hunt Transport Services, Inc. $JBHT Holdings Raised by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in J.B. Hunt Transport Services by 2.1%, holding approximately 1,347,508 shares, valued at around $199.36 million.
• J.B. Hunt's shares experienced fluctuations with a 12-month low of $122.79 and a high of $200.40, currently trading at $145.28, with a market capitalization of $14.06 billion.
• The company recently announced a quarterly dividend of $0.44 per share, representing a dividend yield of 1.2% and a payout ratio of 32.00%.

Jacobs Levy Equity Management Inc. raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,347,508 shares of the transportation company's stock after purchasing an additional 27,871 shares during the quarter. J.B. Hunt Transport Services comprises approximately 0.8% of Jacobs Levy Equity Management Inc.'s investment portfolio, making the stock its 20th biggest holding. Jacobs Levy Equity Management Inc. owned 1.36% of J.B. Hunt Transport Services worth $199,364,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of J.B. Hunt Transport Services by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company's stock valued at $1,486,670,000 after purchasing an additional 195,873 shares during the period. JPMorgan Chase & Co. increased its stake in shares of J.B. Hunt Transport Services by 14.6% in the first quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company's stock valued at $718,015,000 after purchasing an additional 616,986 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of J.B. Hunt Transport Services by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock valued at $578,572,000 after acquiring an additional 15,476 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of J.B. Hunt Transport Services by 11.5% in the first quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company's stock valued at $208,322,000 after acquiring an additional 144,666 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of J.B. Hunt Transport Services by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,201,423 shares of the transportation company's stock valued at $177,738,000 after acquiring an additional 20,396 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares in the company, valued at $143,763.62. This represents a 51.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Mcgee bought 1,148 shares of the business's stock in a transaction on Monday, August 4th. The stock was bought at an average price of $140.76 per share, with a total value of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT traded down $4.29 during trading hours on Wednesday, reaching $136.71. 477,495 shares of the company's stock were exchanged, compared to its average volume of 1,119,149. The business's 50-day simple moving average is $146.47 and its two-hundred day simple moving average is $144.01. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $13.23 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 2.20 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the business posted $1.32 EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a yield of 1.3%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 32.00%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on JBHT shares. Barclays increased their price objective on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Citigroup reiterated a "buy" rating and issued a $170.00 price objective (down from $175.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. UBS Group cut shares of J.B. Hunt Transport Services from a "buy" rating to a "neutral" rating and increased their price objective for the company from $155.00 to $157.00 in a report on Friday, September 5th. Stifel Nicolaus decreased their price objective on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating for the company in a report on Wednesday, July 16th. Finally, Raymond James Financial increased their price objective on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and an average price target of $165.00.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.