Mufg Securities Americas Inc. Takes $201,000 Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mufg Securities Americas Inc. purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 4th quarter, HoldingsChannel reports. The fund purchased 1,176 shares of the transportation company’s stock, valued at approximately $201,000.

Several other hedge funds also recently modified their holdings of JBHT. Janus Henderson Group PLC grew its holdings in shares of J.B. Hunt Transport Services by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company’s stock worth $578,572,000 after acquiring an additional 15,476 shares during the last quarter. Invesco Ltd. grew its holdings in shares of J.B. Hunt Transport Services by 5.1% in the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock worth $362,554,000 after acquiring an additional 104,019 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock worth $340,049,000 after acquiring an additional 8,968 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of J.B. Hunt Transport Services by 0.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company’s stock worth $225,209,000 after acquiring an additional 8,725 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock worth $215,610,000 after acquiring an additional 1,024,295 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $148.05 on Friday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The stock’s 50-day moving average is $139.52 and its two-hundred day moving average is $162.87. 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 firm has a market cap of $14.69 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating 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 company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. On average, analysts anticipate 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 dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.19%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.94%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on JBHT shares. Wells Fargo & Company decreased their target price on J.B. Hunt Transport Services from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. TD Cowen decreased their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft assumed coverage on J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a “hold” rating and a $167.00 target price for the company. Susquehanna set a $140.00 target price on J.B. Hunt Transport Services and gave the stock a “neutral” rating in a research report on Wednesday, April 16th. Finally, Bank of America raised their target price on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the stock a “buy” rating in a research report on Friday. 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 stock has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services 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 in the company, valued at approximately $2,881,282.74. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Nicholas Hobbs acquired 1,529 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer now directly owns 91,847 shares of the company’s stock, valued at $12,008,995.25. This trade represents a 1.69% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.

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.