J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 57.5% in the 4th quarter, HoldingsChannel reports. The fund owned 6,105 shares of the transportation company’s stock after acquiring an additional 2,228 shares during the period. Y Intercept Hong Kong Ltd’s holdings in J.B. Hunt Transport Services were worth $1,042,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in shares of J.B. Hunt Transport Services by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock worth $581,567,000 after purchasing an additional 22,563 shares during the last quarter. State Street Corp raised its stake in J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after buying an additional 19,826 shares in the last quarter. Parnassus Investments LLC lifted its holdings in J.B. Hunt Transport Services by 14.1% during the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after buying an additional 93,213 shares during the last quarter. Stifel Financial Corp boosted its position in shares of J.B. Hunt Transport Services by 1.4% during the 3rd quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company’s stock worth $110,524,000 after acquiring an additional 8,997 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of J.B. Hunt Transport Services by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock valued at $95,419,000 after acquiring an additional 12,040 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the transaction, the executive vice president now directly owns 700 shares of the company’s stock, valued at $127,904. This represents a 17.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Shelley Simpson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the sale, the chief executive officer now owns 82,264 shares of the company’s stock, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,545 shares of company stock valued at $1,898,942 in the last three months. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $160.32 on Thursday. The stock has a market capitalization of $16.17 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.61 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $209.43. The company’s fifty day moving average is $171.58 and its two-hundred day moving average is $174.82.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 earnings per share. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio is 31.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Raymond James lowered their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Citigroup cut their price target on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Bank of America boosted their price target on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, TD Cowen cut their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $191.11.

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.