3,163 Shares in J.B. Hunt Transport Services, Inc. $JBHT Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,163 shares of the transportation company’s stock, valued at approximately $615,000.

Several other hedge funds also recently added to or reduced their stakes in JBHT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in J.B. Hunt Transport Services by 74.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock worth $2,314,000 after acquiring an additional 6,668 shares during the period. Goldman Sachs Group Inc. grew its position in J.B. Hunt Transport Services by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after acquiring an additional 13,729 shares during the period. Empowered Funds LLC grew its position in J.B. Hunt Transport Services by 27.8% in the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after acquiring an additional 385 shares during the period. Sivia Capital Partners LLC purchased a new position in J.B. Hunt Transport Services in the second quarter worth approximately $539,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in J.B. Hunt Transport Services by 21.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock worth $84,000 after acquiring an additional 101 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JBHT has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, April 2nd. Wells Fargo & Company increased their price objective on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Wall Street Zen upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Raymond James Financial restated an “outperform” rating and set a $240.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 15th. Finally, BMO Capital Markets upped their price target on J.B. Hunt Transport Services from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $228.17.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $262.21 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $226.22 and its two-hundred day moving average is $207.68. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $263.24. The stock has a market capitalization of $24.73 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 1.95 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.86%.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 4,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the sale, the executive vice president directly owned 8,696 shares in the company, valued at approximately $2,213,045.04. This trade represents 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 accessible through the SEC website. Also, COO Nicholas Hobbs sold 1,272 shares of the stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the completion of the sale, the chief operating officer owned 91,736 shares in the company, valued at approximately $23,002,802. The trade was a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,510 shares of company stock valued at $2,110,410 in the last three months. 2.50% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Company 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.