Wellington Management Group LLP Increases Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Wellington Management Group LLP boosted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 428.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,263,391 shares of the transportation company’s stock after buying an additional 1,024,295 shares during the period. Wellington Management Group LLP owned approximately 1.26% of J.B. Hunt Transport Services worth $215,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. National Pension Service purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at $30,000. BankPlus Trust Department purchased a new position in J.B. Hunt Transport Services during the 4th quarter valued at about $34,000. Versant Capital Management Inc grew its holdings in J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after buying an additional 134 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after buying an additional 86 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $152.78 on Thursday. The stock has a market capitalization of $15.28 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a one year low of $144.34 and a one year high of $200.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The business’s 50 day simple moving average is $160.85 and its two-hundred day simple moving average is $171.70.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted 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 firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 earnings per share. Analysts forecast 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. Investors of record on Friday, February 7th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.15%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.65%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, 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 can be accessed through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the firm’s 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 completion of the sale, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on JBHT shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They set a “hold” rating and a $167.00 target price on the stock. Evercore ISI decreased their price target on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Stephens reissued an “overweight” rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. TD Cowen decreased their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. Finally, Susquehanna downgraded J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and dropped their price target for the company from $200.00 to $165.00 in a research report on Wednesday, March 26th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $181.55.

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.