J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Holdings Raised by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 194.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,467 shares of the transportation company's stock after acquiring an additional 170,561 shares during the period. Point72 Asset Management L.P. owned approximately 0.26% of J.B. Hunt Transport Services worth $44,110,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in J.B. Hunt Transport Services by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company's stock valued at $878,000 after acquiring an additional 61 shares in the last quarter. Signaturefd LLC boosted its stake in shares of J.B. Hunt Transport Services by 8.0% in the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock valued at $140,000 after purchasing an additional 61 shares during the period. Blue Trust Inc. grew its holdings in J.B. Hunt Transport Services by 18.6% during the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company's stock valued at $92,000 after purchasing an additional 84 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after purchasing an additional 86 shares in the last quarter. Finally, Wahed Invest LLC increased its stake in J.B. Hunt Transport Services by 4.6% during the 4th quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock worth $355,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 74.95% of the company's stock.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares of the company's stock, valued at $2,881,282.74. This trade represents a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nicholas Hobbs bought 1,529 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the purchase, the chief operating officer now directly owns 91,847 shares in the company, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded down $1.81 during trading on Monday, reaching $146.24. 791,503 shares of the company's stock traded hands, compared to its average volume of 983,425. The stock has a market capitalization of $14.51 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The company has a 50 day moving average of $139.52 and a 200-day moving average of $162.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.20%. J.B. Hunt Transport Services's payout ratio is currently 31.94%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JBHT. Stifel Nicolaus set a $150.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. UBS Group reduced their price target on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Raymond James dropped their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company cut their target price on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Sanford C. Bernstein set a $148.00 price target on shares of J.B. Hunt Transport Services and gave the stock a "market perform" rating in a research report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $162.00.

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.