J.B. Hunt Transport Services, Inc. $JBHT Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 466,847 shares of the transportation company’s stock after acquiring an additional 31,566 shares during the period. Quantinno Capital Management LP’s holdings in J.B. Hunt Transport Services were worth $98,925,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of J.B. Hunt Transport Services by 7.1% in the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after buying an additional 272,594 shares during the period. Janus Henderson Group PLC increased its stake in shares of J.B. Hunt Transport Services by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 3,940,833 shares of the transportation company’s stock worth $765,862,000 after buying an additional 84,149 shares during the period. AQR Capital Management LLC increased its stake in shares of J.B. Hunt Transport Services by 17.7% during the fourth quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock worth $729,780,000 after buying an additional 565,605 shares during the period. Invesco Ltd. raised its holdings in J.B. Hunt Transport Services by 5.4% in the third quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock valued at $216,317,000 after acquiring an additional 82,939 shares in the last quarter. Finally, Norges Bank acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $200,587,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $280.96 on Tuesday. The stock has a 50 day moving average price of $279.13 and a 200 day moving average price of $242.38. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $26.49 billion, a price-to-earnings ratio of 39.80, a price-to-earnings-growth ratio of 1.82 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the firm posted $1.31 earnings per share. The firm’s revenue was up 19.4% on a year-over-year basis. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.71 EPS 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, August 21st. Investors of record on Friday, August 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the sale, the executive vice president directly owned 8,696 shares of the company’s stock, valued at $2,213,045.04. The trade was a 31.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the transaction, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 15,847 shares of company stock worth $4,162,861. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the subject of several analyst reports. UBS Group boosted their price target on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Wells Fargo & Company raised their price objective on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Morgan Stanley restated an “underweight” rating and issued a $200.00 price objective (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. Raymond James Financial lifted their price objective on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Finally, Susquehanna set a $345.00 target price on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.