J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 6.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,868 shares of the transportation company's stock after purchasing an additional 2,729 shares during the quarter. Toronto Dominion Bank's holdings in J.B. Hunt Transport Services were worth $7,316,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of JBHT. National Pension Service purchased a new position in J.B. Hunt Transport Services in the 4th quarter worth approximately $30,000. BankPlus Trust Department acquired a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its holdings in J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after acquiring an additional 134 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after acquiring an additional 86 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in J.B. Hunt Transport Services by 140.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock valued at $62,000 after acquiring an additional 212 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. The Goldman Sachs Group decreased their price objective on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a "hold" rating and a $167.00 target price on the stock. Barclays cut their target price on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Raymond James cut their target price on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Benchmark reissued 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 issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $162.00.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was bought at an average price 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 $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. 2.30% of the stock is owned by company insiders.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock traded up $2.30 during trading hours on Tuesday, hitting $139.72. The company's stock had a trading volume of 136,939 shares, compared to its average volume of 985,312. The business has a fifty day moving average of $138.48 and a 200-day moving average of $160.81. The stock has a market cap of $13.86 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced 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 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 analyst estimates of $2.92 billion. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced 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. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.26%. J.B. Hunt Transport Services's dividend payout ratio (DPR) 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.