Lecap Asset Management Ltd. Acquires 22,716 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Lecap Asset Management Ltd. boosted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 351.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 29,187 shares of the transportation company's stock after purchasing an additional 22,716 shares during the period. J.B. Hunt Transport Services makes up approximately 1.0% of Lecap Asset Management Ltd.'s portfolio, making the stock its biggest holding. Lecap Asset Management Ltd.'s holdings in J.B. Hunt Transport Services were worth $4,318,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after acquiring an additional 1,024,295 shares during the last quarter. Norges Bank acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $146,618,000. Demars Financial Group LLC boosted its position in shares of J.B. Hunt Transport Services by 16,964.6% during the 4th quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock worth $104,113,000 after acquiring an additional 606,484 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of J.B. Hunt Transport Services by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock worth $163,237,000 after buying an additional 503,324 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its stake in J.B. Hunt Transport Services by 2,408.1% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company's stock valued at $36,502,000 after acquiring an additional 205,360 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs purchased 1,529 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were bought at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on JBHT shares. JPMorgan Chase & Co. decreased their price objective on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Citigroup dropped their target price on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. TD Cowen reduced their price target on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a "hold" rating and a $167.00 target price on the stock. Finally, Barclays decreased their price objective on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $162.65.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT traded up $2.06 during trading hours on Friday, reaching $145.34. 900,781 shares of the company were exchanged, compared to its average volume of 996,713. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The firm has a market cap of $14.42 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. The stock's 50-day moving average is $138.76 and its 200-day moving average is $153.68.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.02. The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 14.07%. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.21%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

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.