Ontario Teachers Pension Plan Board Buys 6,492 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Ontario Teachers Pension Plan Board increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 129.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,504 shares of the transportation company's stock after purchasing an additional 6,492 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in J.B. Hunt Transport Services were worth $1,963,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Arvest Bank Trust Division bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $1,578,000. Smartleaf Asset Management LLC raised its stake in J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after acquiring an additional 86 shares during the period. Abound Wealth Management lifted its holdings in J.B. Hunt Transport Services by 145,850.0% in the fourth quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock worth $498,000 after acquiring an additional 2,917 shares during the last quarter. LPL Financial LLC lifted its holdings in J.B. Hunt Transport Services by 56.7% in the fourth quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock worth $11,810,000 after acquiring an additional 25,034 shares during the last quarter. Finally, Keybank National Association OH acquired a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $255,000. Institutional investors and hedge funds own 74.95% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on JBHT shares. TD Cowen cut their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. UBS Group dropped their price target on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Benchmark reissued a "buy" rating and issued a $175.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Barclays lowered their target price on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company reduced their price target on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $162.20.

Insider Activity at J.B. Hunt Transport Services

In related news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Trading Down 3.7 %

Shares of NASDAQ JBHT traded down $4.80 during mid-day trading on Monday, hitting $124.44. 228,429 shares of the company traded hands, compared to its average volume of 934,264. The business has a 50 day moving average of $150.62 and a two-hundred day moving average of $168.08. The stock has a market capitalization of $12.44 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.41%. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services's payout ratio is currently 31.94%.

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.