Parnassus Investments LLC Has $134.83 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Parnassus Investments LLC grew its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 790,038 shares of the transportation company’s stock after buying an additional 37,033 shares during the period. Parnassus Investments LLC’s holdings in J.B. Hunt Transport Services were worth $134,828,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Paloma Partners Management Co grew its position in J.B. Hunt Transport Services by 14,254.9% during the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock worth $32,035,000 after buying an additional 184,601 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after acquiring an additional 149,815 shares during the period. Assenagon Asset Management S.A. grew its holdings 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 worth $37,689,000 after purchasing an additional 134,476 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth $15,149,000. Finally, Scopia Capital Management LP acquired a new position in J.B. Hunt Transport Services in the third quarter valued at about $12,630,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 3.3 %

NASDAQ:JBHT opened at $149.43 on Friday. 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, Inc. has a one year low of $147.07 and a one year high of $200.53. The firm’s 50 day simple moving average is $169.23 and its 200 day simple moving average is $174.04. The company has a market cap of $14.94 billion, a PE ratio of 26.88, a P/E/G ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.47 EPS. On average, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.44 dividend. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.18%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.65%.

Analyst Ratings Changes

JBHT has been the topic of several recent analyst reports. Bank of America raised their target price on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Evercore ISI decreased their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a research note on Friday, January 3rd. Benchmark reiterated a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Finally, Truist Financial started coverage on J.B. Hunt Transport Services in a research report on Thursday. They set a “hold” rating and a $165.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $188.60.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

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.