Robeco Institutional Asset Management B.V. Purchases 3,061 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Robeco Institutional Asset Management B.V. grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 36.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,455 shares of the transportation company's stock after purchasing an additional 3,061 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in J.B. Hunt Transport Services were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in J.B. Hunt Transport Services by 8.0% during the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock worth $140,000 after buying an additional 61 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock worth $108,000 after acquiring an additional 85 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 33.9% during 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 last quarter. Wahed Invest LLC boosted its position in shares of J.B. Hunt Transport Services by 4.6% in the 4th quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock valued at $355,000 after purchasing an additional 91 shares during the period. Finally, Man Group plc increased its stake in J.B. Hunt Transport Services by 0.9% in the 4th quarter. Man Group plc now owns 11,165 shares of the transportation company's stock worth $1,905,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Activity

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 directly owned 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. Insiders own 2.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on JBHT. Truist Financial upped their price objective on shares of J.B. Hunt Transport Services from $130.00 to $140.00 and gave the company a "hold" rating in a research note on Monday. Stifel Nicolaus set a $150.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Susquehanna reaffirmed a "neutral" rating and issued a $155.00 price objective (up previously from $140.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, June 24th. UBS Group cut their target price on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, TD Cowen reduced their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $163.43.

J.B. Hunt Transport Services Stock Down 0.7%

Shares of JBHT traded down $1.14 during midday trading on Friday, reaching $151.88. 477,953 shares of the stock were exchanged, compared to its average volume of 998,788. The company has a market cap of $15.06 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.07 and a beta of 1.29. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The firm has a 50 day simple moving average of $140.37 and a 200-day simple moving average of $152.84.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data 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 firm 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 14.07% and a net margin of 4.65%. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.16%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

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.