O Shaughnessy Asset Management LLC Increases Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

O Shaughnessy Asset Management LLC grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 51.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,224 shares of the transportation company’s stock after purchasing an additional 1,441 shares during the period. O Shaughnessy Asset Management LLC’s holdings in J.B. Hunt Transport Services were worth $721,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. iA Global Asset Management Inc. boosted its holdings in J.B. Hunt Transport Services by 2.6% in the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after acquiring an additional 55 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of J.B. Hunt Transport Services by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock worth $878,000 after purchasing an additional 61 shares during the last quarter. Signaturefd LLC boosted its stake in J.B. Hunt Transport Services by 8.0% in the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock worth $140,000 after purchasing an additional 61 shares in the last quarter. Blue Trust Inc. grew its position in J.B. Hunt Transport Services by 18.6% during the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 84 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 86 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

JBHT has been the topic of a number of recent analyst reports. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Citigroup cut their target price on J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating on the stock in a research note on Tuesday. Raymond James decreased their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus dropped their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. Finally, Bank of America reduced their price objective on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a report on Monday, March 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.10.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $129.46 on Wednesday. The business’s fifty day moving average is $156.91 and its 200 day moving average is $170.39. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $127.35 and a fifty-two week high of $200.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market capitalization of $12.95 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 earnings per share. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.36%. J.B. Hunt Transport Services’s dividend payout ratio is 31.65%.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Profile

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.