Canada Pension Plan Investment Board Has $15.67 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Canada Pension Plan Investment Board grew its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 113.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,831 shares of the transportation company’s stock after acquiring an additional 48,813 shares during the quarter. Canada Pension Plan Investment Board owned about 0.09% of J.B. Hunt Transport Services worth $15,672,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. National Pension Service bought a new stake in J.B. Hunt Transport Services during the fourth quarter worth $30,000. BankPlus Trust Department bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth $34,000. Versant Capital Management Inc raised its holdings in shares of J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 134 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after purchasing an additional 86 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, 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 value of $771,628.00. Following the sale, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $2,881,282.74. The trade was a 6.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on JBHT shares. Stephens decreased their price objective on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company decreased their price target on J.B. Hunt Transport Services from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. The Goldman Sachs Group cut their price objective on J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $167.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a “hold” rating and a $167.00 price target on the stock. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average target price of $162.20.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $129.23 on Monday. The firm has a market capitalization of $12.92 billion, a P/E ratio of 23.24, a PEG ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 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 has a fifty day moving average price of $150.62 and a 200-day moving average price of $168.08.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. As a group, equities research 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 company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio is 31.94%.

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.