1,242 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,242 shares of the transportation company’s stock, valued at approximately $212,000.

Other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its position in J.B. Hunt Transport Services by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock valued at $581,567,000 after purchasing an additional 22,563 shares during the period. State Street Corp boosted its holdings in shares of J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after acquiring an additional 19,826 shares during the period. Thrivent Financial for Lutherans grew its position 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 worth $163,237,000 after acquiring an additional 503,324 shares during the last quarter. Parnassus Investments LLC increased its holdings in shares of J.B. Hunt Transport Services by 4.9% in the 4th quarter. Parnassus Investments LLC now owns 790,038 shares of the transportation company’s stock worth $134,828,000 after acquiring an additional 37,033 shares during the period. Finally, Stifel Financial Corp lifted its position in J.B. Hunt Transport Services by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company’s stock valued at $110,524,000 after purchasing an additional 8,997 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

Insider Activity

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction dated 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 of the company’s stock, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 transaction of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $148.55 on Friday. 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 $144.34 and a 1 year high of $200.40. The company has a market cap of $14.86 billion, a PE ratio of 26.72, a PEG ratio of 1.61 and a beta of 1.16. The stock’s 50-day moving average price is $165.39 and its two-hundred day moving average price is $172.81.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results 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). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. On average, analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

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

Analyst Upgrades and Downgrades

JBHT has been the subject of several recent analyst reports. Benchmark restated a “buy” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Raymond James lowered their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. TD Cowen reduced 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 report on Friday, January 17th. UBS Group lowered their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Truist Financial started coverage on shares of J.B. Hunt Transport Services in a report on Thursday, March 13th. They issued a “hold” rating and a $165.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $186.80.

About J.B. Hunt Transport Services

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.