Fmr LLC Has $35.40 Million Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Fmr LLC lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 205,413 shares of the transportation company’s stock after purchasing an additional 28,296 shares during the quarter. Fmr LLC’s holdings in J.B. Hunt Transport Services were worth $35,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of JBHT. Dimensional Fund Advisors LP boosted its stake in J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after buying an additional 193,684 shares in the last quarter. Mizuho Securities USA LLC boosted its position in shares of J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after acquiring an additional 149,815 shares in the last quarter. AQR Capital Management LLC increased its stake in J.B. Hunt Transport Services by 282.8% in the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock valued at $27,740,000 after acquiring an additional 128,283 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in J.B. Hunt Transport Services in the second quarter worth about $19,755,000. Finally, Renaissance Technologies LLC bought a new position in J.B. Hunt Transport Services during the second quarter worth about $16,887,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Down 0.5 %

J.B. Hunt Transport Services stock opened at $180.99 on Monday. The firm has a market capitalization of $18.25 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 2.95 and a beta of 1.15. The company’s 50 day simple moving average is $180.06 and its 200 day simple moving average is $170.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same quarter in the previous year, the business earned $1.80 EPS. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.43 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.95%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.27%.

Wall Street Analysts Forecast Growth

JBHT has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Evercore ISI lifted their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America upped their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group cut their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $190.11.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at $1,563,579.45. The trade was a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock valued at $1,008,962 over the last 90 days. 2.10% of the stock is owned by company insiders.

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.