J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 166,542 shares of the transportation company's stock after acquiring an additional 6,043 shares during the period. Rhumbline Advisers owned 0.17% of J.B. Hunt Transport Services worth $24,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in JBHT. Blue Trust Inc. raised its position in shares of J.B. Hunt Transport Services by 18.6% during the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company's stock worth $92,000 after acquiring an additional 84 shares in the last quarter. abrdn plc grew its stake in J.B. Hunt Transport Services by 21.0% during the 4th quarter. abrdn plc now owns 33,510 shares of the transportation company's stock worth $5,735,000 after buying an additional 5,807 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in J.B. Hunt Transport Services by 25.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,258 shares of the transportation company's stock worth $1,590,000 after buying an additional 1,893 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in J.B. Hunt Transport Services by 1.1% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 192,712 shares of the transportation company's stock worth $32,888,000 after buying an additional 2,023 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in J.B. Hunt Transport Services by 2.9% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,115 shares of the transportation company's stock worth $1,385,000 after buying an additional 231 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Insiders Place Their Bets

In other news, COO Nicholas Hobbs bought 1,529 shares of the firm'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 transaction, the chief operating officer now owns 91,847 shares in the company, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on JBHT. Citigroup dropped their price target on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Truist Financial dropped their price target on 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. Stephens lowered their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Susquehanna set a $140.00 target price on J.B. Hunt Transport Services and gave the company a "neutral" rating in a research note on Wednesday, April 16th. Finally, Raymond James lowered their target price on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $161.90.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock traded up $1.09 during trading on Friday, reaching $140.21. The company's stock had a trading volume of 421,789 shares, compared to its average volume of 992,762. 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, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The company has a market capitalization of $13.91 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 1.61 and a beta of 1.30. The business has a 50 day moving average price of $136.68 and a 200-day moving average price of $158.20.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its 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. The company 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%. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

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.