SG Americas Securities LLC Increases Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

SG Americas Securities LLC raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 179.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,990 shares of the transportation company's stock after buying an additional 2,564 shares during the period. SG Americas Securities LLC's holdings in J.B. Hunt Transport Services were worth $590,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of JBHT. Signaturefd LLC grew its position in shares of J.B. Hunt Transport Services by 8.0% during the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock valued at $140,000 after acquiring an additional 61 shares during the period. Smartleaf Asset Management LLC grew its holdings in J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after purchasing an additional 86 shares during the period. Wahed Invest LLC grew its holdings in J.B. Hunt Transport Services by 4.6% in the fourth quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock valued at $355,000 after purchasing an additional 91 shares during the period. Man Group plc increased its position in shares of J.B. Hunt Transport Services by 0.9% in the fourth quarter. Man Group plc now owns 11,165 shares of the transportation company's stock valued at $1,905,000 after buying an additional 98 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of J.B. Hunt Transport Services by 10.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,199 shares of the transportation company's stock worth $205,000 after buying an additional 112 shares during the period. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Down 0.4%

J.B. Hunt Transport Services stock traded down $0.62 during midday trading on Wednesday, hitting $142.81. 496,144 shares of the stock were exchanged, compared to its average volume of 995,689. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. The stock's 50-day simple moving average is $137.80 and its 200 day simple moving average is $154.28. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.93 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.02. The business 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, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.23%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

Analysts Set New Price Targets

A number of research firms recently issued reports on JBHT. Barclays dropped their price target on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Sanford C. Bernstein set a $148.00 target price on shares of J.B. Hunt Transport Services and gave the company a "market perform" rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. cut their target price on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and issued a $175.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $164.00 price objective on shares of J.B. Hunt Transport Services in a report on Monday, June 2nd. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.65.

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

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs acquired 1,529 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of $130.75 per share, with a total value of $199,916.75. Following the transaction, the chief operating officer now owns 91,847 shares of the company's stock, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Profile

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.