Quarry LP Increases Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Quarry LP boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 502.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566 shares of the transportation company’s stock after purchasing an additional 472 shares during the quarter. Quarry LP’s holdings in J.B. Hunt Transport Services were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in J.B. Hunt Transport Services by 0.7% in the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock valued at $581,567,000 after purchasing an additional 22,563 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of J.B. Hunt Transport Services by 6.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock worth $269,611,000 after acquiring an additional 105,500 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of J.B. Hunt Transport Services by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock worth $231,416,000 after acquiring an additional 5,179 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Finally, Parnassus Investments LLC raised its stake in shares of J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after acquiring an additional 93,213 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $180.99 on Friday. The stock has a market cap of $18.25 billion, a P/E ratio of 32.91, a price-to-earnings-growth ratio of 2.95 and a beta of 1.15. The firm’s fifty day simple moving average is $180.06 and its 200 day simple moving average is $170.24. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. 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 (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same quarter in the previous year, the business posted $1.80 earnings per share. As a group, research analysts predict 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 was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.27%.

Analysts Set New Price Targets

Several research analysts have commented on JBHT shares. Stifel Nicolaus lifted their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Citigroup lifted their price target on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. TD Cowen lifted their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Bank of America lifted their price target on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays raised their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Seven research 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.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $190.11.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock worth $1,008,962 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

About J.B. Hunt Transport Services

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.