Quantinno Capital Management LP Acquires 10,416 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Quantinno Capital Management LP lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,980 shares of the transportation company's stock after purchasing an additional 10,416 shares during the period. Quantinno Capital Management LP's holdings in J.B. Hunt Transport Services were worth $7,676,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JBHT. Wellington Management Group LLP boosted its holdings in shares of J.B. Hunt Transport Services by 428.4% during the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after purchasing an additional 1,024,295 shares during the period. Norges Bank purchased a new stake in J.B. Hunt Transport Services in the fourth quarter worth about $146,618,000. Demars Financial Group LLC lifted its holdings in J.B. Hunt Transport Services by 16,964.6% in the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock worth $104,113,000 after buying an additional 606,484 shares during the period. Thrivent Financial for Lutherans lifted its holdings in 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 worth $163,237,000 after buying an additional 503,324 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in J.B. Hunt Transport Services by 155.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company's stock worth $37,689,000 after buying an additional 134,476 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the business's stock in a transaction 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. The trade was a 6.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nicholas Hobbs acquired 1,529 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were acquired 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 owns 91,847 shares in the company, 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 Stock Down 1.2%

NASDAQ JBHT traded down $1.81 during mid-day trading on Monday, reaching $146.24. The stock had a trading volume of 791,503 shares, compared to its average volume of 983,425. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The stock has a market cap of $14.51 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The company has a fifty day moving average price of $139.52 and a 200 day moving average price of $162.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

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, 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 company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. On average, research 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.20%. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

Analyst Ratings Changes

JBHT has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Susquehanna set a $140.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a "neutral" rating in a report on Wednesday, April 16th. Stifel Nicolaus set a $150.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a "market perform" rating in a report on Wednesday, April 16th. Finally, UBS Group lowered their price objective on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.