Point72 Asset Management L.P. Boosts Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Point72 Asset Management L.P. raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 194.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 258,467 shares of the transportation company's stock after purchasing an additional 170,561 shares during the period. Point72 Asset Management L.P. owned 0.26% of J.B. Hunt Transport Services worth $44,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBHT. National Pension Service purchased a new stake in J.B. Hunt Transport Services in the 4th quarter worth approximately $30,000. BankPlus Trust Department purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $34,000. EverSource Wealth Advisors LLC boosted its stake in shares of J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after acquiring an additional 134 shares during the period. Smartleaf Asset Management LLC grew its position in shares of 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 purchasing an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in J.B. Hunt Transport Services by 140.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock valued at $62,000 after purchasing an additional 212 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Down 3.6%

JBHT traded down $5.29 on Wednesday, reaching $139.73. 390,169 shares of the company traded hands, compared to its average volume of 981,401. The company has a market cap of $13.86 billion, a P/E ratio of 25.22, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. 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, Inc. has a one year low of $122.79 and a one year high of $200.40. The firm has a fifty day simple moving average of $139.27 and a two-hundred day simple moving average of $162.38.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced 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 return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. As a group, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.26%. J.B. Hunt Transport Services's payout ratio is 31.94%.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $2,881,282.74. This represents a 6.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was bought at an average cost of $130.75 per share, with a total value of $199,916.75. Following the acquisition, the chief operating officer now owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Raymond James cut their price objective on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, April 11th. TD Cowen decreased their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company cut 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 report on Wednesday, April 16th. Barclays decreased their price objective on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Finally, Bank of America increased their target price on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $162.00.

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.