WINTON GROUP Ltd Acquires New Stake in J.B. Hunt Transport Services, Inc. $JBHT

WINTON GROUP Ltd acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, Holdings Channel reports. The firm acquired 36,401 shares of the transportation company’s stock, valued at approximately $7,074,000.

A number of other institutional investors and hedge funds have also bought and sold shares of JBHT. AdvisorShares Investments LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $433,000. Krilogy Financial LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $1,003,000. Savant Capital LLC raised its stake in shares of J.B. Hunt Transport Services by 145.6% in the third quarter. Savant Capital LLC now owns 21,689 shares of the transportation company’s stock worth $2,910,000 after buying an additional 12,857 shares during the period. Focus Partners Advisor Solutions LLC raised its stake in shares of J.B. Hunt Transport Services by 114.1% in the third quarter. Focus Partners Advisor Solutions LLC now owns 13,310 shares of the transportation company’s stock worth $1,786,000 after buying an additional 7,094 shares during the period. Finally, Greenwood Gearhart Inc. raised its stake in shares of J.B. Hunt Transport Services by 2.7% in the third quarter. Greenwood Gearhart Inc. now owns 193,569 shares of the transportation company’s stock worth $25,971,000 after buying an additional 5,150 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBHT has been the topic of several recent research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 15th. Barclays raised their price objective on J.B. Hunt Transport Services from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Wall Street Zen downgraded J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings downgraded J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, Citigroup raised their price objective on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” 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 given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.83.

J.B. Hunt Transport Services Stock Up 0.6%

Shares of JBHT opened at $284.95 on Friday. The business’s 50 day moving average is $245.14 and its 200 day moving average is $218.05. The company has a market capitalization of $26.87 billion, a PE ratio of 44.11, a price-to-earnings-growth ratio of 2.11 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $289.95. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

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

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.86%.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the sale, the executive vice president owned 8,696 shares of the company’s stock, valued at approximately $2,213,045.04. This trade represents a 31.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James K. Thompson sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $254.28, for a total value of $254,280.00. Following the sale, the director directly owned 19,559 shares in the company, valued at $4,973,462.52. This trade represents a 4.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,916 shares of company stock worth $4,109,634 in the last three months. Corporate insiders own 2.50% of the company’s stock.

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.