Sumitomo Mitsui DS Asset Management Company Ltd Has $1.53 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 27.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,361 shares of the transportation company's stock after purchasing an additional 2,246 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in J.B. Hunt Transport Services were worth $1,533,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after buying an additional 134 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after buying an additional 86 shares in the last quarter. Intact Investment Management Inc. acquired a new position in J.B. Hunt Transport Services during the 4th quarter worth about $67,000. Bessemer Group Inc. lifted its position in J.B. Hunt Transport Services by 22.4% during the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after buying an additional 120 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in J.B. Hunt Transport Services during the 4th quarter worth about $107,000. Institutional investors and hedge funds own 74.95% of the company's stock.

Wall Street Analysts Forecast Growth

JBHT has been the topic of several research reports. TD Cowen reduced their price target on shares of 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. Wells Fargo & Company reduced their price target on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Stephens reduced their price target on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Baird R W upgraded shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Ten investment 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $163.43.

Insider Buying and Selling 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 dated Wednesday, April 23rd. The stock was bought at an average cost of $130.75 per share, with a total value of $199,916.75. Following the purchase, the chief operating officer directly owned 91,847 shares of the company's stock, valued at $12,008,995.25. The trade was a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $151.88 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $15.06 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The stock has a 50-day moving average of $140.82 and a 200-day moving average of $152.66. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. As a group, 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 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 paid a dividend of $0.44 per share. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.16%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

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.

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