Forsta AP Fonden Purchases 400 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Forsta AP Fonden lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,300 shares of the transportation company’s stock after buying an additional 400 shares during the period. Forsta AP Fonden’s holdings in J.B. Hunt Transport Services were worth $2,782,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Studio Investment Management LLC increased its holdings in shares of J.B. Hunt Transport Services by 5.4% in the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock worth $184,000 after acquiring an additional 55 shares in the last quarter. iA Global Asset Management Inc. increased its stake in J.B. Hunt Transport Services by 2.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after purchasing an additional 55 shares in the last quarter. Empirical Finance LLC raised its holdings in J.B. Hunt Transport Services by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock worth $492,000 after buying an additional 56 shares during the period. Farther Finance Advisors LLC raised its holdings in J.B. Hunt Transport Services by 18.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after buying an additional 60 shares during the period. Finally, Huntington National Bank lifted its stake in 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 buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, SVP Kevin Bracy sold 1,614 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the sale, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,359 shares of company stock worth $2,632,655 over the last ninety days. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

JBHT has been the subject of several research reports. Citigroup lowered their price objective on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research report on Friday, January 17th. The Goldman Sachs Group dropped their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective for the company in a research report on Friday, January 3rd. UBS Group dropped their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.11.

J.B. Hunt Transport Services Trading Down 1.2 %

Shares of NASDAQ:JBHT opened at $171.22 on Friday. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. 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 $17.26 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16. The company has a 50-day simple moving average of $177.47 and a 200 day simple moving average of $174.66.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) 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%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.47 earnings per share. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.03%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, February 7th. J.B. Hunt Transport Services’s payout ratio is 31.65%.

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.