Tidal Investments LLC Boosts Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Tidal Investments LLC increased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 53.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,429 shares of the transportation company's stock after acquiring an additional 2,233 shares during the period. Tidal Investments LLC's holdings in J.B. Hunt Transport Services were worth $1,097,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. State of Wyoming lifted its position in J.B. Hunt Transport Services by 392.9% in the fourth quarter. State of Wyoming now owns 2,721 shares of the transportation company's stock valued at $464,000 after purchasing an additional 2,169 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of J.B. Hunt Transport Services by 6.8% in the fourth quarter. Toronto Dominion Bank now owns 42,868 shares of the transportation company's stock worth $7,316,000 after buying an additional 2,729 shares during the period. Siemens Fonds Invest GmbH raised its holdings in J.B. Hunt Transport Services by 292.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 22,798 shares of the transportation company's stock valued at $3,891,000 after buying an additional 16,992 shares during the last quarter. Rafferty Asset Management LLC boosted its position in J.B. Hunt Transport Services by 7.7% during the 4th quarter. Rafferty Asset Management LLC now owns 9,395 shares of the transportation company's stock valued at $1,603,000 after buying an additional 671 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in J.B. Hunt Transport Services by 454.5% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 17,257 shares of the transportation company's stock worth $2,945,000 after acquiring an additional 14,145 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of analyst reports. UBS Group dropped their target price on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Bank of America lifted their price objective on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Susquehanna set a $140.00 price target on J.B. Hunt Transport Services and gave the stock a "neutral" rating in a research note on Wednesday, April 16th. Barclays cut their price target on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Finally, Benchmark restated a "buy" rating and issued a $175.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nicholas Hobbs purchased 1,529 shares of the company's stock in a transaction dated 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 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Stock Down 0.7%

JBHT stock traded down $0.96 during trading on Friday, hitting $139.04. 178,677 shares of the stock traded hands, compared to its average volume of 986,727. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The firm's 50 day moving average is $137.89 and its two-hundred day moving average is $160.12.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results 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 net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

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 $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, May 9th. 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.