J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by Man Group plc

Man Group plc grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,165 shares of the transportation company’s stock after purchasing an additional 98 shares during the period. Man Group plc’s holdings in J.B. Hunt Transport Services were worth $1,905,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. National Pension Service acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at approximately $30,000. BankPlus Trust Department purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after purchasing an additional 134 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of 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 worth $58,000 after purchasing an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 140.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company’s stock worth $62,000 after purchasing an additional 212 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Down 1.2%

Shares of NASDAQ JBHT opened at $137.42 on Friday. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The firm has a fifty day moving average of $138.67 and a 200-day moving average of $161.60. The stock has a market capitalization of $13.63 billion, a PE ratio of 24.72, a P/E/G ratio of 1.61 and a beta of 1.33. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.92 billion. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.28%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.94%.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus set a $150.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a “market perform” rating in a research note on Wednesday, April 16th. Susquehanna set a $140.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a “neutral” rating in a research note on Wednesday, April 16th. Finally, TD Cowen dropped their price objective on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Insider Activity

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the acquisition, the chief operating officer now owns 91,847 shares of the company’s stock, valued at $12,008,995.25. The trade was a 1.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. The trade was 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 Company 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.