Toronto Dominion Bank Raises Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Toronto Dominion Bank boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,868 shares of the transportation company's stock after acquiring an additional 2,729 shares during the period. Toronto Dominion Bank's holdings in J.B. Hunt Transport Services were worth $7,316,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. National Pension Service bought a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth about $30,000. BankPlus Trust Department bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after buying an additional 134 shares during the period. Smartleaf Asset Management LLC increased 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 valued at $58,000 after purchasing an additional 86 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of J.B. Hunt Transport Services by 140.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock valued at $62,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT traded up $3.98 on Tuesday, hitting $140.63. The stock had a trading volume of 869,853 shares, compared to its average volume of 991,945. The business's 50-day simple moving average is $137.17 and its two-hundred day simple moving average is $158.92. The stock has a market cap of $13.95 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. 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 quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

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 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share 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 dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

Analyst Ratings Changes

JBHT has been the subject of a number of research reports. UBS Group decreased their price target on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Stephens decreased 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 report on Wednesday, April 16th. The Goldman Sachs Group restated a "neutral" rating and issued a $164.00 target price on shares of J.B. Hunt Transport Services in a research note on Monday. Raymond James decreased their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Truist Financial lowered their price objective on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $161.90.

Insider Activity

In other news, COO Nicholas Hobbs bought 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on 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 acquisition, the chief operating officer now owns 91,847 shares of the company's stock, valued at $12,008,995.25. The trade was a 1.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darren P. Field sold 1,200 shares of the firm's 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 in the company, valued at approximately $2,881,282.74. The trade was a 6.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

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.