Jacobs Levy Equity Management Inc. Acquires 8,725 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Jacobs Levy Equity Management Inc. increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,319,637 shares of the transportation company's stock after buying an additional 8,725 shares during the quarter. J.B. Hunt Transport Services accounts for about 0.8% of Jacobs Levy Equity Management Inc.'s portfolio, making the stock its 23rd biggest holding. Jacobs Levy Equity Management Inc. owned about 1.31% of J.B. Hunt Transport Services worth $225,209,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JBHT. National Pension Service bought a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $30,000. BankPlus Trust Department bought a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC grew its stake 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 purchasing an additional 134 shares in the last quarter. Smartleaf Asset Management LLC grew its stake 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 purchasing an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake 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 purchasing an additional 212 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

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 stock was sold at an average price of $161.67, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Nicholas Hobbs purchased 1,529 shares of J.B. Hunt Transport Services 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 transaction, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. 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 Performance

NASDAQ:JBHT traded up $0.57 during mid-day trading on Wednesday, hitting $147.89. 1,153,784 shares of the stock were exchanged, compared to its average volume of 982,684. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The firm's 50-day simple moving average is $139.89 and its 200 day simple moving average is $163.43. 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 fifty-two week low of $122.79 and a fifty-two week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.02. The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

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

Wall Street Analyst Weigh In

JBHT has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft assumed coverage on J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a "hold" rating and a $167.00 price target for the company. Truist Financial reduced their target price on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus set a $150.00 target price on J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Finally, TD Cowen reduced their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research note 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.20.

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.