International Assets Investment Management LLC Makes New Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,639 shares of the transportation company's stock, valued at approximately $11,513,000. International Assets Investment Management LLC owned approximately 0.06% of J.B. Hunt Transport Services as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. VisionPoint Advisory Group LLC grew its position in J.B. Hunt Transport Services by 104.8% in the third 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 in the last quarter. Operose Advisors LLC acquired 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 stake in J.B. Hunt Transport Services in the third quarter valued at approximately $36,000. Exchange Traded Concepts LLC acquired a new stake in J.B. Hunt Transport Services in the third quarter valued at approximately $45,000. Finally, Cary Street Partners Investment Advisory LLC grew its position in 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 acquiring an additional 258 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In related news, CEO John N. Roberts acquired 6,200 shares of the business's stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average cost of $161.06 per share, with a total value of $998,572.00. Following the purchase, the chief executive officer now owns 313,955 shares of the company's stock, valued at $50,565,592.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Alfred C. Harper sold 6,500 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares in the company, valued at $9,021,243.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average cost of $161.06 per share, with a total value of $998,572.00. Following the completion of the transaction, the chief executive officer now owns 313,955 shares of the company's stock, valued at $50,565,592.30. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 15,454 shares of company stock valued at $3,283,219. Corporate insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Stock Up 0.6 %

Shares of J.B. Hunt Transport Services stock traded up $0.99 during trading on Monday, hitting $166.55. 596,087 shares of the stock traded hands, compared to its average volume of 848,873. The stock has a market cap of $17.19 billion, a P/E ratio of 26.28, a PEG ratio of 2.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a twelve month low of $160.07 and a twelve month high of $219.51. The company has a fifty day moving average price of $188.42 and a two-hundred day moving average price of $191.08.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.03%. J.B. Hunt Transport Services's dividend payout ratio is 27.30%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore ISI lowered their price objective on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an "outperform" rating for the company in a research report on Wednesday, April 17th. Barclays lowered their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 17th. Stephens lowered their price target on J.B. Hunt Transport Services from $210.00 to $192.00 and set an "overweight" rating on the stock in a report on Wednesday, April 17th. BMO Capital Markets lowered their price target on J.B. Hunt Transport Services from $218.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, April 18th. Finally, Bank of America lowered their target price on J.B. Hunt Transport Services from $215.00 to $199.00 and set a "buy" rating on the stock in a report on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $194.24.

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.