Point72 Italy S.r.l. Purchases Shares of 48,399 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Point72 Italy S.r.l. bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 48,399 shares of the transportation company's stock, valued at approximately $8,260,000. J.B. Hunt Transport Services comprises about 4.6% of Point72 Italy S.r.l.'s investment portfolio, making the stock its 8th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after buying an additional 1,024,295 shares in the last quarter. Norges Bank bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $146,618,000. Demars Financial Group LLC boosted its position in shares of J.B. Hunt Transport Services by 16,964.6% during the 4th quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock valued at $104,113,000 after purchasing an additional 606,484 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of J.B. Hunt Transport Services by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock valued at $163,237,000 after purchasing an additional 503,324 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of J.B. Hunt Transport Services by 155.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company's stock valued at $37,689,000 after purchasing an additional 134,476 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred 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 owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Nicholas Hobbs purchased 1,529 shares of the stock in a transaction on Wednesday, April 23rd. The shares were bought at an average price of $130.75 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Stock Up 0.1%

Shares of NASDAQ JBHT traded up $0.19 during mid-day trading on Friday, reaching $148.05. The company had a trading volume of 849,209 shares, compared to its average volume of 984,196. The stock has a fifty day moving average of $139.52 and a two-hundred day moving average of $162.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 26.63, a PEG 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.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, equities research 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 firm also recently disclosed 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. This represents a $1.76 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, May 9th. J.B. Hunt Transport Services's payout ratio is presently 31.94%.

Wall Street Analyst Weigh In

JBHT has been the subject of several research reports. TD Cowen reduced their price objective on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. UBS Group reduced their price objective on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Susquehanna set a $140.00 price objective on shares of J.B. Hunt Transport Services and gave the company a "neutral" rating in a research report on Wednesday, April 16th. Barclays reduced their price objective on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently 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.