BI Asset Management Fondsmaeglerselskab A S Purchases 2,343 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 184.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,612 shares of the transportation company's stock after purchasing an additional 2,343 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in J.B. Hunt Transport Services were worth $616,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Arvest Bank Trust Division bought a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $1,578,000. Smartleaf Asset Management LLC lifted its position 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 during the last quarter. Abound Wealth Management boosted its stake in shares of J.B. Hunt Transport Services by 145,850.0% during the fourth quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock valued at $498,000 after purchasing an additional 2,917 shares during the period. LPL Financial LLC grew its holdings in shares of J.B. Hunt Transport Services by 56.7% in the fourth quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock worth $11,810,000 after purchasing an additional 25,034 shares during the last quarter. Finally, Keybank National Association OH purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth $255,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Nicholas Hobbs bought 1,529 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average price 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 $12,008,995.25. This trade represents a 1.69 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The shares were 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 $2,881,282.74. The trade was a 6.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on JBHT. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company cut their target price on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 price target on J.B. Hunt Transport Services and gave the company a "market perform" rating in a research report on Wednesday, April 16th. Stifel Nicolaus set a $150.00 price objective on J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Finally, Raymond James decreased their target price on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average price target of $162.20.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT traded down $1.10 during trading on Tuesday, hitting $129.85. 201,121 shares of the stock traded hands, compared to its average volume of 947,267. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The firm has a 50-day simple moving average of $145.94 and a 200-day simple moving average of $166.57. The company has a market capitalization of $12.99 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27.

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 for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

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 $0.44 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.36%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

About J.B. Hunt Transport Services

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.