Siemens Fonds Invest GmbH Acquires 16,992 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Siemens Fonds Invest GmbH raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 292.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,798 shares of the transportation company's stock after purchasing an additional 16,992 shares during the quarter. Siemens Fonds Invest GmbH's holdings in J.B. Hunt Transport Services were worth $3,891,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at about $14,655,000. Mackenzie Financial Corp raised its stake in shares of J.B. Hunt Transport Services by 28.2% in the 4th quarter. Mackenzie Financial Corp now owns 8,739 shares of the transportation company's stock valued at $1,491,000 after purchasing an additional 1,923 shares during the period. Forum Financial Management LP raised its stake in shares of J.B. Hunt Transport Services by 34.4% in the 4th quarter. Forum Financial Management LP now owns 1,799 shares of the transportation company's stock valued at $307,000 after purchasing an additional 460 shares during the period. Toronto Dominion Bank raised its stake in shares of J.B. Hunt Transport Services by 6.8% in the 4th quarter. Toronto Dominion Bank now owns 42,868 shares of the transportation company's stock valued at $7,316,000 after purchasing an additional 2,729 shares during the period. Finally, Cache Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at about $307,000. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock traded down $1.27 during midday trading on Friday, reaching $138.73. 1,193,945 shares of the company's stock were exchanged, compared to its average volume of 992,077. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week 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 market cap of $13.76 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 1.61 and a beta of 1.33. The stock's 50-day simple moving average is $137.67 and its 200 day simple moving average is $159.74.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. On average, 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 business also recently declared 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 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was 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 $2,881,282.74. This represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Nicholas Hobbs purchased 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JBHT. Susquehanna set a $140.00 price target on J.B. Hunt Transport Services and gave the company a "neutral" rating in a research note on Wednesday, April 16th. UBS Group lowered their target price on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Truist Financial lowered their target price on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Benchmark reaffirmed a "buy" rating and issued a $175.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and a consensus target price of $162.00.

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.