Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,341 shares of the transportation company's stock after buying an additional 6,052 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in J.B. Hunt Transport Services were worth $10,055,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aviva PLC increased its holdings in J.B. Hunt Transport Services by 45.3% in the 3rd quarter. Aviva PLC now owns 52,155 shares of the transportation company's stock worth $9,832,000 after buying an additional 16,249 shares during the period. EverSource Wealth Advisors LLC increased its holdings in J.B. Hunt Transport Services by 3.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company's stock worth $6,870,000 after buying an additional 1,331 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $11,513,000. Natixis Advisors L.P. grew its stake in shares of J.B. Hunt Transport Services by 38.4% during the 3rd quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company's stock worth $7,887,000 after purchasing an additional 11,613 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of J.B. Hunt Transport Services by 0.9% during the 3rd quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company's stock worth $28,913,000 after purchasing an additional 1,393 shares during the period. Institutional investors and hedge funds own 74.95% of the company's stock.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of analyst reports. Loop Capital dropped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a "hold" rating on the stock in a research note on Thursday. Raymond James raised their price objective on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 16th. UBS Group dropped their price objective on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a "buy" rating on the stock in a research note on Wednesday. Bank of America dropped their price objective on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price objective on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a "hold" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.56.

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

In other news, CFO John Kuhlow sold 3,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares in the company, valued at approximately $2,244,381. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the transaction, the senior vice president now owns 8,235 shares in the company, valued at approximately $1,744,090.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Kuhlow sold 3,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares in the company, valued at approximately $2,244,381. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,432 shares of company stock worth $4,309,687. Corporate insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

JBHT stock traded up $3.10 during midday trading on Friday, reaching $167.30. The stock had a trading volume of 1,480,739 shares, compared to its average volume of 880,641. The company's fifty day simple moving average is $197.94 and its 200 day simple moving average is $192.87. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. J.B. Hunt Transport Services, Inc. has a 52-week low of $160.07 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.27). The firm had revenue of $3.30 billion during the quarter, compared to analysts' expectations of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The company's revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 EPS. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.99 earnings per share for the current fiscal year.

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.