Balyasny Asset Management L.P. Purchases 2,801 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Balyasny Asset Management L.P. grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 97.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,672 shares of the transportation company's stock after purchasing an additional 2,801 shares during the period. Balyasny Asset Management L.P.'s holdings in J.B. Hunt Transport Services were worth $968,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Baird Financial Group Inc. raised its holdings in J.B. Hunt Transport Services by 8.7% in the fourth quarter. Baird Financial Group Inc. now owns 3,801 shares of the transportation company's stock worth $649,000 after purchasing an additional 303 shares during the period. Bank of America Corp DE raised its holdings in J.B. Hunt Transport Services by 2.0% in the fourth quarter. Bank of America Corp DE now owns 365,364 shares of the transportation company's stock worth $62,353,000 after purchasing an additional 7,080 shares during the period. BNP Paribas Financial Markets raised its holdings in J.B. Hunt Transport Services by 44.9% in the fourth quarter. BNP Paribas Financial Markets now owns 157,385 shares of the transportation company's stock worth $26,859,000 after purchasing an additional 48,795 shares during the period. Gallagher Fiduciary Advisors LLC raised its holdings in J.B. Hunt Transport Services by 18.4% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 1,387 shares of the transportation company's stock worth $237,000 after purchasing an additional 216 shares during the period. Finally, Wahed Invest LLC lifted its position in J.B. Hunt Transport Services by 4.6% in the 4th quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock valued at $355,000 after acquiring an additional 91 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Nicholas Hobbs bought 1,529 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, April 23rd. The stock was purchased 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 directly owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the 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 transaction, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. This represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on JBHT shares. Bank of America boosted their price objective on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a "buy" rating in a research report on Friday. Barclays lowered 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 research note on Wednesday, April 2nd. Benchmark reiterated a "buy" rating and issued a $175.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. TD Cowen lowered 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 research note on Wednesday, April 16th. Finally, Raymond James lowered 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 research note on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $162.00.

J.B. Hunt Transport Services Stock Down 1.4%

JBHT traded down $2.14 during midday trading on Monday, hitting $145.91. The company had a trading volume of 358,881 shares, compared to its average volume of 981,775. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.61 and a beta of 1.33. The stock's 50 day moving average price is $139.52 and its 200 day moving average price is $162.75. 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 (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. On average, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.21%. 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.