Maven Securities LTD Buys New Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Maven Securities LTD purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,500 shares of the transportation company’s stock, valued at approximately $1,792,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in J.B. Hunt Transport Services by 428.4% during the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock worth $215,610,000 after purchasing an additional 1,024,295 shares during the period. Norges Bank bought a new stake in J.B. Hunt Transport Services in the 4th quarter valued at about $146,618,000. Demars Financial Group LLC raised its position in shares of J.B. Hunt Transport Services by 16,964.6% in the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company’s stock valued at $104,113,000 after buying an additional 606,484 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of J.B. Hunt Transport Services by 111.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock valued at $163,237,000 after buying an additional 503,324 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of J.B. Hunt Transport Services by 155.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after buying an additional 134,476 shares during the period. Institutional investors own 74.95% of the company’s stock.

Insider Activity

In other news, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction on 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 owns 17,822 shares of the company’s stock, valued at $2,881,282.74. This represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Nicholas Hobbs acquired 1,529 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Stock Up 9.7%

J.B. Hunt Transport Services stock opened at $148.72 on Tuesday. The firm has a market cap of $14.75 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.61 and a beta of 1.33. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $140.50 and a two-hundred day moving average of $163.65. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. On average, analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, May 9th. J.B. Hunt Transport Services’s payout ratio is currently 31.94%.

Wall Street Analysts Forecast Growth

JBHT has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on J.B. Hunt Transport Services from $167.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. TD Cowen cut their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group cut their price objective on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a “market perform” rating in a research report on Wednesday, April 16th. Finally, UBS Group lowered their price objective on J.B. Hunt Transport Services from $196.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $162.20.

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.