J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by State of Wyoming

State of Wyoming increased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 392.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,721 shares of the transportation company's stock after buying an additional 2,169 shares during the quarter. State of Wyoming's holdings in J.B. Hunt Transport Services were worth $464,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of J.B. Hunt Transport Services by 37.5% during the third quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock valued at $40,698,000 after purchasing an additional 64,380 shares during the period. Merit Financial Group LLC bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $253,000. Ameritas Advisory Services LLC acquired a new position in J.B. Hunt Transport Services during the 4th quarter valued at about $368,000. MassMutual Private Wealth & Trust FSB increased its stake in J.B. Hunt Transport Services by 155.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company's stock valued at $92,000 after buying an additional 327 shares during the period. Finally, Perpetual Ltd raised its position in shares of J.B. Hunt Transport Services by 64.3% during the 4th quarter. Perpetual Ltd now owns 4,268 shares of the transportation company's stock worth $728,000 after buying an additional 1,670 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $146.24 on Tuesday. The company's fifty day moving average is $139.36 and its two-hundred day moving average is $162.50. The company has a market cap of $14.51 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. 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 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.44 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.20%. J.B. Hunt Transport Services's payout ratio is 31.94%.

Analysts Set New Price Targets

A number of research analysts recently commented on JBHT shares. Truist Financial lowered their price objective on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Raymond James lowered their price target on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company dropped their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barclays decreased their target price on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Finally, Sanford C. Bernstein set a $148.00 price target on shares of J.B. Hunt Transport Services and gave the stock a "market perform" rating in a research report on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $162.00.

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

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of the stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at $12,008,995.25. This represents a 1.69% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Company 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.

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