Mackenzie Financial Corp Acquires 1,923 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mackenzie Financial Corp raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,739 shares of the transportation company's stock after purchasing an additional 1,923 shares during the period. Mackenzie Financial Corp's holdings in J.B. Hunt Transport Services were worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of JBHT. National Pension Service bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth $30,000. BankPlus Trust Department purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth about $34,000. EverSource Wealth Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after purchasing an additional 134 shares during the period. Smartleaf Asset Management LLC raised its position in shares of 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. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of 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 valued at $62,000 after buying an additional 212 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JBHT has been the topic of a number of analyst reports. Truist Financial lowered their target price on shares of 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. Stephens dropped their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Citigroup reduced their target price on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. TD Cowen decreased their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. cut their price objective 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 report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $161.90.

J.B. Hunt Transport Services Trading Down 0.4%

JBHT traded down $0.52 on Wednesday, hitting $140.11. 790,281 shares of the company were exchanged, compared to its average volume of 992,207. 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 debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The firm has a fifty day simple moving average of $137.05 and a two-hundred day simple moving average of $158.79. The stock has a market capitalization of $13.90 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating 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. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

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

Insider Activity at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs bought 1,529 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were bought at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. This represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

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.