J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Position Boosted by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2,408.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,888 shares of the transportation company's stock after acquiring an additional 205,360 shares during the period. Worldquant Millennium Advisors LLC owned 0.21% of J.B. Hunt Transport Services worth $36,502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in J.B. Hunt Transport Services by 428.4% in the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after purchasing an additional 1,024,295 shares during the period. Norges Bank purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $146,618,000. Demars Financial Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 16,964.6% in the 4th quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock valued at $104,113,000 after buying an additional 606,484 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of J.B. Hunt Transport Services by 111.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock valued at $163,237,000 after buying an additional 503,324 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in J.B. Hunt Transport Services by 194.0% during the fourth quarter. Point72 Asset Management L.P. now owns 258,467 shares of the transportation company's stock worth $44,110,000 after acquiring an additional 170,561 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the firm's 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 transaction, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. This trade represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Nicholas Hobbs bought 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 transaction, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Trading Down 1.2%

J.B. Hunt Transport Services stock traded down $1.61 during trading on Monday, reaching $137.42. The company had a trading volume of 793,098 shares, compared to its average volume of 988,579. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The firm has a market capitalization of $13.63 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The stock's 50 day moving average price is $138.67 and its two-hundred day moving average price is $161.19.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results 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. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. As a group, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed 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 1.28%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

Analysts Set New Price Targets

A number of research firms have commented on JBHT. Citigroup reduced their target price on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays reduced their price objective on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered their target price 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. UBS Group lowered their price target on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, 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 report on Friday, May 16th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and a consensus target price 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.