SG Americas Securities LLC Has $590,000 Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

SG Americas Securities LLC boosted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 179.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,990 shares of the transportation company's stock after acquiring 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 reporting period.

Several other large investors also recently bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in shares of J.B. Hunt Transport Services by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock worth $578,572,000 after acquiring an additional 15,476 shares during the period. Invesco Ltd. raised its holdings in shares of J.B. Hunt Transport Services by 5.1% during the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock worth $362,554,000 after acquiring an additional 104,019 shares during the period. Geode Capital Management LLC raised its holdings in shares of J.B. Hunt Transport Services by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock worth $340,049,000 after acquiring an additional 8,968 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 0.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company's stock worth $225,209,000 after acquiring an additional 8,725 shares during the period. Finally, Wellington Management Group LLP raised its holdings 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 worth $215,610,000 after acquiring an additional 1,024,295 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Up 0.4%

NASDAQ:JBHT traded up $0.62 during trading hours on Friday, reaching $139.63. The company's stock had a trading volume of 1,876,544 shares, compared to its average volume of 997,846. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The business's 50-day moving average is $137.53 and its 200-day moving average is $154.62. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's payout ratio is presently 31.94%.

Insider Activity at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs bought 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on JBHT shares. JPMorgan Chase & Co. reduced their target price on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. 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. Barclays cut their price objective on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Bank of America boosted their price objective on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Truist Financial cut their price objective on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and an average target price of $161.90.

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.