J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 47.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 34,656 shares of the transportation company's stock after purchasing an additional 11,139 shares during the period. Gotham Asset Management LLC's holdings in J.B. Hunt Transport Services were worth $5,914,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at $30,000. BankPlus Trust Department bought a new stake in J.B. Hunt Transport Services in the 4th quarter worth $34,000. EverSource Wealth Advisors LLC grew its holdings in J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after acquiring an additional 134 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after acquiring an additional 86 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in J.B. Hunt Transport Services by 140.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock worth $62,000 after acquiring an additional 212 shares during the last quarter. Institutional investors own 74.95% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Raymond James cut their price target on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. 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. Susquehanna set a $140.00 price target on shares of J.B. Hunt Transport Services and gave the stock a "neutral" rating in a report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price target on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group cut their target price on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs purchased 1,529 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer now owns 91,847 shares of the company's stock, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

JBHT stock traded up $0.19 during trading on Friday, reaching $148.05. The company had a trading volume of 849,209 shares, compared to its average volume of 984,126. The firm has a 50-day simple moving average of $139.52 and a 200-day simple moving average of $163.00. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month 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, beating the consensus estimate 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 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, May 9th. J.B. Hunt Transport Services's payout ratio is 31.94%.

J.B. Hunt Transport Services 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.