International Assets Investment Management LLC Takes $11.51 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

International Assets Investment Management LLC acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 57,639 shares of the transportation company’s stock, valued at approximately $11,513,000. International Assets Investment Management LLC owned approximately 0.06% of J.B. Hunt Transport Services at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JBHT. VisionPoint Advisory Group LLC boosted its position in shares of J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares in the last quarter. Operose Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter worth about $34,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $36,000. Exchange Traded Concepts LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $45,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of J.B. Hunt Transport Services by 505.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock worth $58,000 after purchasing an additional 258 shares during the period. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Trading Up 0.6 %

Shares of JBHT stock opened at $165.56 on Monday. The stock has a 50 day simple moving average of $188.42 and a 200 day simple moving average of $190.99. The stock has a market cap of $17.09 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a 1 year low of $160.07 and a 1 year high of $219.51.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Thursday, May 9th. J.B. Hunt Transport Services’s payout ratio is 27.30%.

Insider Buying and Selling

In other news, CEO John N. Roberts acquired 6,200 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was bought at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares in the company, valued at approximately $50,565,592.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO John N. Roberts purchased 6,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, April 26th. The stock was acquired at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the acquisition, the chief executive officer now owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction on Monday, March 4th. The stock was bought at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Insiders have sold a total of 15,454 shares of company stock worth $3,283,219 in the last ninety days. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on JBHT. Raymond James boosted their price target on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Barclays dropped their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Stifel Nicolaus dropped their price target on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Stephens lowered their target price on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Finally, StockNews.com raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $194.24.

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.