ING Groep NV Increases Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

ING Groep NV boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 22,210.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,155 shares of the transportation company's stock after buying an additional 11,105 shares during the quarter. ING Groep NV's holdings in J.B. Hunt Transport Services were worth $2,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kentucky Retirement Systems lifted its position in J.B. Hunt Transport Services by 1.5% in the fourth quarter. Kentucky Retirement Systems now owns 6,520 shares of the transportation company's stock valued at $1,302,000 after purchasing an additional 95 shares during the last quarter. New Century Financial Group LLC bought a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $514,000. Trillium Asset Management LLC lifted its position in J.B. Hunt Transport Services by 19.3% in the fourth quarter. Trillium Asset Management LLC now owns 174,450 shares of the transportation company's stock valued at $34,844,000 after purchasing an additional 28,202 shares during the last quarter. Heartland Advisors Inc. lifted its position in J.B. Hunt Transport Services by 58.2% in the fourth quarter. Heartland Advisors Inc. now owns 138,952 shares of the transportation company's stock valued at $27,754,000 after purchasing an additional 51,137 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $208,000. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In related news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction 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 of the company's stock, valued at $9,021,243.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 3,800 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $212.56, for a total value of $807,728.00. Following the transaction, the executive vice president now owns 464 shares of the company's stock, valued at $98,627.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction dated 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 directly owns 42,411 shares in the company, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Insiders have sold 15,454 shares of company stock valued at $3,283,219 over the last ninety days. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Stock Down 2.9 %

Shares of NASDAQ JBHT traded down $4.74 during trading on Tuesday, reaching $159.36. The company had a trading volume of 1,453,312 shares, compared to its average volume of 843,472. J.B. Hunt Transport Services, Inc. has a 12-month low of $156.70 and a 12-month high of $219.51. The stock has a market cap of $16.45 billion, a PE ratio of 25.30, a P/E/G ratio of 2.22 and a beta of 1.17. The business's 50-day moving average is $179.81 and its 200 day moving average is $190.65. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The business had revenue of $2.94 billion for the quarter, compared to analysts' expectations of $3.12 billion. As a group, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.61 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given 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 1.08%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 27.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JBHT shares. Evercore ISI decreased their target price on J.B. Hunt Transport Services from $218.00 to $199.00 and set an "outperform" rating for the company in a report on Wednesday, April 17th. Stifel Nicolaus decreased their target price on J.B. Hunt Transport Services from $188.00 to $173.00 and set a "hold" rating for the company in a report on Wednesday, April 17th. Susquehanna decreased their target price on J.B. Hunt Transport Services from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, April 17th. Stephens decreased their target price on J.B. Hunt Transport Services from $210.00 to $192.00 and set an "overweight" rating for the company in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $209.00 to $204.00 and set an "overweight" rating for the company 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $194.24.

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.