Victory Capital Management Inc. Boosts Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Victory Capital Management Inc. increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,168,748 shares of the transportation company's stock after purchasing an additional 62,313 shares during the quarter. Victory Capital Management Inc. owned 2.10% of J.B. Hunt Transport Services worth $433,186,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. VisionPoint Advisory Group LLC raised its stake in shares of J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company's stock valued at $32,000 after acquiring an additional 87 shares during the period. Operose Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter valued at approximately $34,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services during the third quarter worth $36,000. Exchange Traded Concepts LLC purchased a new position in shares of J.B. Hunt Transport Services during the third quarter worth $45,000. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of J.B. Hunt Transport Services by 505.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company's stock valued at $58,000 after buying an additional 258 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Alfred C. Harper sold 6,500 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the transaction, the insider now owns 42,411 shares in the company, valued at approximately $9,021,243.81. The sale was disclosed in a document filed with the SEC, which is available at this link. In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 of the company's stock, valued at $1,744,090.65. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Alfred C. Harper sold 6,500 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now owns 42,411 shares of the company's stock, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,454 shares of company stock valued at $3,283,219. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus decreased their target price on 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, April 17th. Bank of America reduced their price target 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 report on Wednesday, April 17th. Benchmark restated a "buy" rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. JPMorgan Chase & Co. reduced their target price on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an "overweight" rating on the stock in a report on Wednesday, April 17th. Finally, TD Cowen dropped their price target on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a "hold" rating for the company in a research note on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and a consensus target price of $194.24.

J.B. Hunt Transport Services Stock Up 0.6 %

Shares of NASDAQ:JBHT traded up $0.95 on Wednesday, hitting $163.52. 920,438 shares of the company's stock were exchanged, compared to its average volume of 853,152. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 1-year low of $160.07 and a 1-year high of $219.51. The company has a market capitalization of $16.88 billion, a PE ratio of 25.81, a P/E/G ratio of 2.13 and a beta of 1.11. The firm's 50-day moving average is $191.09 and its 200 day moving average is $191.63.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a $0.43 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.72 annualized dividend and a yield of 1.05%. J.B. Hunt Transport Services's dividend payout ratio is currently 27.30%.

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.