J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 258,500 shares of the transportation company's stock after selling 7,700 shares during the quarter. Swiss National Bank owned about 0.25% of J.B. Hunt Transport Services worth $51,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC boosted its position in shares of J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company's stock worth $32,000 after purchasing an additional 87 shares in the last quarter. Operose Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at $34,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at $36,000. Exchange Traded Concepts LLC grew its holdings in shares of J.B. Hunt Transport Services by 26.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company's stock valued at $60,000 after buying an additional 62 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of J.B. Hunt Transport Services by 505.9% in the 3rd 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 during the period. 74.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO John N. Roberts purchased 6,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the transaction, the chief executive officer now owns 313,955 shares of the company's stock, valued at approximately $50,565,592.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO John N. Roberts purchased 6,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the transaction, the chief executive officer now owns 313,955 shares of the company's stock, valued at approximately $50,565,592.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Insiders have sold a total of 15,454 shares of company stock worth $3,283,219 in the last quarter. Corporate insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded up $1.56 on Tuesday, reaching $168.11. 804,214 shares of the company's stock were exchanged, compared to its average volume of 848,367. The company has a fifty day moving average of $186.80 and a 200-day moving average of $190.93. 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 market capitalization of $17.35 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.23 and a beta of 1.17. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.02%. J.B. Hunt Transport Services's payout ratio is presently 27.30%.

Analyst Ratings Changes

A number of brokerages recently weighed in on JBHT. BMO Capital Markets reduced their target price on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, April 18th. Susquehanna cut their price target on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 17th. StockNews.com raised shares of J.B. Hunt Transport Services from a "sell" rating to a "hold" rating in a report on Monday, April 29th. Bank of America dropped their target price on shares of 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. Finally, Robert W. Baird dropped their target price on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an "outperform" rating on the stock in a report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.