Sovereign s Capital Management LLC Takes $760,000 Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Sovereign s Capital Management LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,453 shares of the transportation company's stock, valued at approximately $760,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC grew its position in shares of J.B. Hunt Transport Services by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock valued at $578,572,000 after purchasing an additional 15,476 shares during the last quarter. Invesco Ltd. boosted its stake in shares of J.B. Hunt Transport Services by 5.1% in the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock valued at $362,554,000 after buying an additional 104,019 shares during the period. Geode Capital Management LLC boosted its stake in shares of J.B. Hunt Transport Services by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock valued at $340,049,000 after buying an additional 8,968 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in J.B. Hunt Transport Services by 0.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company's stock worth $225,209,000 after purchasing an additional 8,725 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in J.B. Hunt Transport Services by 428.4% during the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after purchasing an additional 1,024,295 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Down 1.2%

NASDAQ JBHT traded down $1.61 on Friday, reaching $137.42. The company had a trading volume of 793,098 shares, compared to its average volume of 986,472. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 24.72, a P/E/G ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The business has a 50 day moving average of $138.67 and a two-hundred day moving average of $161.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The business had revenue of $2.92 billion during 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%. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.28%. J.B. Hunt Transport Services's payout ratio is 31.94%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the acquisition, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value 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. The trade was 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 company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on JBHT. Bank of America upped their target price on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Wells Fargo & Company cut their target price on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Benchmark restated a "buy" rating and set a $175.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Stephens cut their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Sanford C. Bernstein set a $148.00 target price on J.B. Hunt Transport Services and gave the stock a "market perform" rating in a research note on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

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.