J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC boosted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 164.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,137 shares of the transportation company's stock after acquiring an additional 3,191 shares during the period. Schonfeld Strategic Advisors LLC's holdings in J.B. Hunt Transport Services were worth $877,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after purchasing an additional 1,024,295 shares in the last quarter. Norges Bank acquired a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth $146,618,000. Demars Financial Group LLC lifted its position in shares of J.B. Hunt Transport Services by 16,964.6% in the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock valued at $104,113,000 after acquiring an additional 606,484 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of J.B. Hunt Transport Services by 111.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock valued at $163,237,000 after acquiring an additional 503,324 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in 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 worth $37,689,000 after purchasing an additional 134,476 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 1.5 %

Shares of J.B. Hunt Transport Services stock traded down $2.04 during trading hours on Friday, hitting $135.44. 1,222,569 shares of the company's stock traded hands, compared to its average volume of 970,443. 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 twelve month low of $122.79 and a twelve month high of $200.40. The stock has a 50 day simple moving average of $140.73 and a 200-day simple moving average of $163.84. The company has a market cap of $13.43 billion, a PE ratio of 24.36, a PEG ratio of 1.61 and a beta of 1.33.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released 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 analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. Equities research 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

Insider Transactions at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs acquired 1,529 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at $12,008,995.25. This represents a 1.69 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

JBHT has been the subject of a number of recent research reports. Citigroup lowered their price target on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Stephens lowered their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. UBS Group reduced their target price on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Sanford C. Bernstein set a $148.00 price target on J.B. Hunt Transport Services and gave the company a "market perform" rating in a report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $162.20.

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.