State of Wyoming Boosts Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

State of Wyoming lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 392.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of JBHT. National Pension Service purchased a new position in J.B. Hunt Transport Services during the 4th quarter worth $30,000. BankPlus Trust Department purchased a new position in J.B. Hunt Transport Services during the 4th quarter worth $34,000. EverSource Wealth Advisors LLC increased its holdings in J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after purchasing an additional 134 shares during the period. Smartleaf Asset Management LLC increased its holdings in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares during the period. Finally, Catalyst Capital Advisors LLC increased its holdings in J.B. Hunt Transport Services by 140.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock worth $62,000 after purchasing an additional 212 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JBHT shares. Stifel Nicolaus set a $150.00 price target on J.B. Hunt Transport Services in a report on Wednesday, April 16th. Raymond James cut 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 report on Friday, April 11th. Susquehanna set a $140.00 price objective on J.B. Hunt Transport Services and gave the stock a "neutral" rating in a research report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft began coverage on J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a "hold" rating and a $167.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $162.00.

Insider Activity

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs purchased 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was bought at an average price of $130.75 per share, with a total value of $199,916.75. Following the acquisition, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. The trade was a 6.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Stock Performance

JBHT traded down $1.61 on Friday, reaching $137.42. 793,098 shares of the stock were exchanged, compared to its average volume of 988,579. The company's 50-day moving average price is $138.67 and its 200 day moving average price is $161.38. 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 company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The firm has a market capitalization of $13.63 billion, a PE ratio of 24.72, a PEG ratio of 1.61 and a beta of 1.33.

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 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders 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 annualized dividend and a dividend yield of 1.28%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

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.