J.B. Hunt Transport Services, Inc. $JBHT Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 213,372 shares of the transportation company’s stock after purchasing an additional 14,396 shares during the period. Stephens Investment Management Group LLC’s holdings in J.B. Hunt Transport Services were worth $45,214,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in JBHT. American Century Companies Inc. grew its stake in shares of J.B. Hunt Transport Services by 12.4% in the third quarter. American Century Companies Inc. now owns 234,471 shares of the transportation company’s stock valued at $31,459,000 after buying an additional 25,816 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $539,000. Wealth Enhancement Advisory Services LLC lifted its position in J.B. Hunt Transport Services by 45.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,809 shares of the transportation company’s stock worth $11,712,000 after acquiring an additional 17,839 shares in the last quarter. Korea Investment CORP boosted its holdings in J.B. Hunt Transport Services by 88.8% in the 3rd quarter. Korea Investment CORP now owns 133,605 shares of the transportation company’s stock worth $17,926,000 after acquiring an additional 62,845 shares during the period. Finally, Merit Financial Group LLC boosted its holdings in J.B. Hunt Transport Services by 48.6% in the 4th quarter. Merit Financial Group LLC now owns 13,849 shares of the transportation company’s stock worth $2,692,000 after acquiring an additional 4,527 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $285.83 on Friday. The business’s fifty day moving average is $267.44 and its two-hundred day moving average is $232.32. The stock has a market capitalization of $26.95 billion, a P/E ratio of 44.25, a P/E/G ratio of 2.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $294.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the business posted $1.17 earnings per share. J.B. Hunt Transport Services’s revenue was up 4.6% compared to the same quarter last year. On average, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the sale, the executive vice president owned 15,881 shares in the company, valued at $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Keefauver sold 703 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the sale, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,119 shares of company stock valued at $4,736,095. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of J.B. Hunt Transport Services from $250.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Evercore restated an “outperform” rating and set a $248.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. Raymond James Financial reissued an “outperform” rating and issued a $240.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. Barclays boosted their price target on shares of J.B. Hunt Transport Services from $235.00 to $270.00 and gave the company an “equal weight” rating in a report on Thursday, June 25th. Finally, Citigroup upped their price target on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $239.87.

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.