J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,115 shares of the transportation company’s stock after purchasing an additional 231 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in J.B. Hunt Transport Services were worth $1,385,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services in the third quarter worth $26,000. True Wealth Design LLC increased its stake in J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after buying an additional 142 shares during the period. Cromwell Holdings LLC raised its position in shares of J.B. Hunt Transport Services by 47.2% during the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock worth $41,000 after buying an additional 76 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JBHT. TD Cowen decreased their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Benchmark reiterated a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. UBS Group cut their price target on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a report on Friday, January 17th. Stifel Nicolaus dropped their target price on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th. Finally, Loop Capital raised their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.11.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the sale, the executive vice president now directly owns 700 shares in the company, valued at $127,904. The trade was a 17.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the transaction, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,545 shares of company stock worth $1,898,942 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Up 0.2 %

NASDAQ:JBHT opened at $167.50 on Wednesday. The business’s fifty day moving average price is $174.54 and its 200 day moving average price is $174.85. The firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 1.62 and a beta of 1.15. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. On average, sell-side analysts forecast 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.94%.

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.