ING Groep NV Has $21.54 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

ING Groep NV increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 454.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 110,821 shares of the transportation company’s stock after buying an additional 90,835 shares during the period. ING Groep NV’s holdings in J.B. Hunt Transport Services were worth $21,537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in J.B. Hunt Transport Services during the 4th quarter worth about $32,000. Whittier Trust Co. lifted its position in J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after buying an additional 50 shares in the last quarter. Activest Wealth Management lifted its position in J.B. Hunt Transport Services by 19,800.0% during the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after buying an additional 198 shares in the last quarter. Sentry Investment Management LLC acquired a new position in J.B. Hunt Transport Services during the 3rd quarter worth about $32,000. Finally, CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $284.95 on Monday. The company has a market capitalization of $26.87 billion, a price-to-earnings ratio of 44.11, a P/E/G ratio of 2.12 and a beta of 1.30. The firm’s 50 day simple moving average is $245.14 and its 200 day simple moving average is $218.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $289.95.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The business 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 net margin of 5.13% and a return on equity of 17.30%. J.B. Hunt Transport Services’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company posted $1.17 EPS. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

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

Analyst Ratings Changes

JBHT has been the topic of several recent research reports. Stifel Nicolaus raised their target price on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, April 2nd. Benchmark raised their target price on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, April 17th. UBS Group raised their target price on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 15th. Finally, Bank of America raised their target price on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. One research 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. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $233.83.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were 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 $2,213,045.04. This trade represents a 31.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Nicholas Hobbs sold 1,272 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total transaction of $318,954.00. Following the completion of the sale, the chief operating officer owned 91,736 shares in the company, valued at $23,002,802. This represents a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,916 shares of company stock worth $4,109,634 over the last ninety days. Company 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.