Capital Performance Advisors LLP Takes $95,000 Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Capital Performance Advisors LLP bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 554 shares of the transportation company’s stock, valued at approximately $95,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. boosted its position in shares of J.B. Hunt Transport Services by 2,722.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after purchasing an additional 525,729 shares during the period. Dimensional Fund Advisors LP boosted its holdings in J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after buying an additional 193,684 shares during the period. AQR Capital Management LLC increased its stake in J.B. Hunt Transport Services by 282.8% in the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after buying an additional 128,283 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at about $19,755,000. Finally, Renaissance Technologies LLC purchased a new position in shares of J.B. Hunt Transport Services in the second quarter valued at about $16,887,000. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on JBHT shares. The Goldman Sachs Group decreased their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Barclays lifted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Stifel Nicolaus raised their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Citigroup initiated coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 9th. They issued a “buy” rating and a $201.00 price target on the stock. Finally, Loop Capital raised their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.56.

J.B. Hunt Transport Services Price Performance

JBHT opened at $192.13 on Friday. The business has a fifty day moving average of $173.81 and a 200 day moving average of $167.36. The stock has a market cap of $19.37 billion, a P/E ratio of 34.93, a PEG ratio of 3.30 and a beta of 1.14. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the prior year, the business posted $1.80 earnings per share. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.27%.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at $786,550.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the transaction, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at $2,321,275. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,314 shares of company stock valued at $1,534,052. Corporate insiders own 2.10% of the company’s stock.

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.