Quantbot Technologies LP Buys 27,218 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Key Points

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Quantbot Technologies LP increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 430.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,534 shares of the transportation company's stock after buying an additional 27,218 shares during the quarter. Quantbot Technologies LP's holdings in J.B. Hunt Transport Services were worth $4,961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at about $6,030,000. Townsquare Capital LLC raised its holdings in J.B. Hunt Transport Services by 11.0% during the 4th quarter. Townsquare Capital LLC now owns 1,653 shares of the transportation company's stock worth $282,000 after buying an additional 164 shares during the period. Canada Pension Plan Investment Board lifted its stake in J.B. Hunt Transport Services by 113.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 91,831 shares of the transportation company's stock valued at $15,672,000 after buying an additional 48,813 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of J.B. Hunt Transport Services by 2.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 59,301 shares of the transportation company's stock valued at $10,115,000 after buying an additional 1,175 shares during the period. Finally, Forum Financial Management LP boosted its holdings in shares of J.B. Hunt Transport Services by 34.4% in the fourth quarter. Forum Financial Management LP now owns 1,799 shares of the transportation company's stock valued at $307,000 after buying an additional 460 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Up 4.7%

Shares of J.B. Hunt Transport Services stock traded up $6.74 on Friday, reaching $150.14. 1,224,674 shares of the company were exchanged, compared to its average volume of 966,272. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 2.21 and a beta of 1.29. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The company has a 50-day moving average of $146.11 and a 200 day moving average of $146.19.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03). The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The business's revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio is presently 32.00%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JBHT. Baird R W upgraded shares of J.B. Hunt Transport Services to a "strong-buy" rating in a report on Tuesday, July 1st. Robert W. Baird assumed coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price target on the stock. Stifel Nicolaus cut their price target on J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating on the stock in a report on Wednesday, July 16th. UBS Group reiterated a "buy" rating on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Finally, Citigroup reissued a "buy" rating and issued a $170.00 target price (down previously from $175.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $164.90.

Insider Activity

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

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.