National Bank of Canada FI Has $9.23 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

National Bank of Canada FI raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 57.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 62,379 shares of the transportation company's stock after buying an additional 22,709 shares during the period. National Bank of Canada FI owned about 0.06% of J.B. Hunt Transport Services worth $9,229,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $6,030,000. Townsquare Capital LLC grew its stake in shares of J.B. Hunt Transport Services by 11.0% during the fourth quarter. Townsquare Capital LLC now owns 1,653 shares of the transportation company's stock worth $282,000 after purchasing an additional 164 shares during the period. Canada Post Corp Registered Pension Plan acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $201,000. Guggenheim Capital LLC grew its stake in shares of J.B. Hunt Transport Services by 29.7% during the fourth quarter. Guggenheim Capital LLC now owns 51,317 shares of the transportation company's stock worth $8,758,000 after purchasing an additional 11,760 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of J.B. Hunt Transport Services by 129.5% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 11,504 shares of the transportation company's stock worth $1,963,000 after purchasing an additional 6,492 shares during the period. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of JBHT traded down $1.00 during midday trading on Friday, hitting $143.45. The company's stock had a trading volume of 544,605 shares, compared to its average volume of 1,064,553. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The company's fifty day simple moving average is $145.77 and its two-hundred day simple moving average is $146.90. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the business earned $1.32 EPS. The company's revenue was up .0% compared to the same quarter last year. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 32.00%.

Analyst Ratings Changes

JBHT has been the subject of a number of analyst reports. Robert W. Baird assumed coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They set an "outperform" rating and a $169.00 price objective for the company. Morgan Stanley decreased their target price on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. UBS Group reissued a "buy" rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Truist Financial boosted their target price on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. boosted their target price on J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $164.90.

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

In related news, EVP Eric Mcgee acquired 1,148 shares of the stock in a transaction dated Monday, August 4th. The stock was bought at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the transaction, the executive vice president directly owned 7,397 shares of the company's stock, valued at $1,041,201.72. The trade was a 18.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the transaction, the executive vice president directly owned 946 shares in the company, valued at approximately $143,763.62. This represents a 51.11% 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.

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.