Dimensional Fund Advisors LP boosted its position in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 418,774 shares of the transportation company’s stock after buying an additional 3,979 shares during the period. Dimensional Fund Advisors LP owned about 0.38% of J B Hunt Transport Services worth $40,652,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in J B Hunt Transport Services by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 1,373 shares of the transportation company’s stock worth $133,000 after buying an additional 75 shares during the last quarter. State Street Corp boosted its position in J B Hunt Transport Services by 6.5% in the fourth quarter. State Street Corp now owns 3,781,806 shares of the transportation company’s stock worth $367,096,000 after buying an additional 230,385 shares during the last quarter. Cleararc Capital Inc. purchased a new position in J B Hunt Transport Services during the fourth quarter worth about $207,000. Cipher Capital LP boosted its position in J B Hunt Transport Services by 32.7% in the fourth quarter. Cipher Capital LP now owns 24,486 shares of the transportation company’s stock worth $2,377,000 after buying an additional 6,031 shares during the last quarter. Finally, MUFG Americas Holdings Corp boosted its position in J B Hunt Transport Services by 1.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 49,113 shares of the transportation company’s stock worth $4,768,000 after buying an additional 841 shares during the last quarter. Hedge funds and other institutional investors own 71.47% of the company’s stock.
Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) traded up 1.31% on Friday, hitting $90.95. 1,008,342 shares of the stock traded hands. The stock has a market cap of $10.12 billion, a P/E ratio of 23.87 and a beta of 0.81. J B Hunt Transport Services Inc has a 52-week low of $75.71 and a 52-week high of $102.38. The stock’s 50 day moving average price is $92.59 and its 200 day moving average price is $92.76.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Friday, May 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, May 3rd. J B Hunt Transport Services’s dividend payout ratio is presently 24.08%.
A number of equities research analysts have recently weighed in on JBHT shares. Deutsche Bank AG lifted their target price on shares of J B Hunt Transport Services from $90.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday. Cowen and Company cut their target price on shares of J B Hunt Transport Services from $102.00 to $101.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Nicolaus cut their target price on shares of J B Hunt Transport Services from $97.00 to $88.00 and set a “hold” rating on the stock in a research note on Wednesday. Vertical Research started coverage on shares of J B Hunt Transport Services in a research note on Thursday, April 13th. They set a “hold” rating and a $92.00 target price on the stock. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $96.00 target price (down previously from $100.00) on shares of J B Hunt Transport Services in a research note on Friday, March 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $96.00.
In related news, SVP John Kuhlow sold 500 shares of the stock in a transaction on Friday, March 10th. The stock was sold at an average price of $96.68, for a total transaction of $48,340.00. Following the completion of the sale, the senior vice president now directly owns 3,999 shares of the company’s stock, valued at $386,623.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.50% of the stock is owned by company insiders.
J B Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.
