J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 30.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,980 shares of the transportation company's stock after acquiring an additional 10,416 shares during the quarter. Quantinno Capital Management LP's holdings in J.B. Hunt Transport Services were worth $7,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in J.B. Hunt Transport Services by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock worth $578,572,000 after buying an additional 15,476 shares during the period. Invesco Ltd. raised its position in shares of J.B. Hunt Transport Services by 5.1% in the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock worth $362,554,000 after acquiring an additional 104,019 shares in the last quarter. Geode Capital Management LLC raised its position in shares of J.B. Hunt Transport Services by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock worth $340,049,000 after acquiring an additional 8,968 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of J.B. Hunt Transport Services by 0.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company's stock worth $225,209,000 after acquiring an additional 8,725 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after acquiring an additional 1,024,295 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock traded down $3.56 on Wednesday, reaching $141.46. The stock had a trading volume of 367,778 shares, compared to its average volume of 1,181,956. The stock has a market cap of $14.03 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. 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 company has a 50 day simple moving average of $139.27 and a 200 day simple moving average of $162.38.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly 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. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS 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. Investors of record on Friday, May 9th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.24%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JBHT shares. Stifel Nicolaus set a $150.00 price objective on J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Stephens lowered their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Benchmark reiterated a "buy" rating and set a $175.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Citigroup lowered their price objective on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America lifted their price objective on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and a consensus target price of $162.00.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of the business'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 in the company, valued at $2,881,282.74. The trade was a 6.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Nicholas Hobbs acquired 1,529 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of 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 represents 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 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.