North Dakota State Investment Board purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,681 shares of the transportation company’s stock, valued at approximately $521,000.
Several other institutional investors have also modified their holdings of JBHT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of J.B. Hunt Transport Services by 74.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock worth $2,314,000 after acquiring an additional 6,668 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of J.B. Hunt Transport Services by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after acquiring an additional 13,729 shares during the period. Empowered Funds LLC raised its holdings in shares of J.B. Hunt Transport Services by 27.8% during the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after acquiring an additional 385 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $539,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of J.B. Hunt Transport Services by 21.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock worth $84,000 after acquiring an additional 101 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.
Insider Buying and Selling at J.B. Hunt Transport Services
In other news, insider Bradley W. Hicks sold 7,644 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the completion of the transaction, the insider directly owned 23,982 shares of the company’s stock, valued at approximately $6,281,125.62. The trade was a 24.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James K. Thompson sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total value of $254,280.00. Following the transaction, the director directly owned 19,559 shares of the company’s stock, valued at approximately $4,973,462.52. This represents a 4.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 16,154 shares of company stock valued at $4,112,450. 2.50% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on J.B. Hunt Transport Services
J.B. Hunt Transport Services Stock Performance
NASDAQ JBHT opened at $259.23 on Friday. The company has a market cap of $24.45 billion, a P/E ratio of 40.13, a P/E/G ratio of 1.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a 50-day moving average of $229.56 and a two-hundred day moving average of $210.28. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $264.98.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last released its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share 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 company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the company posted $1.17 EPS. J.B. Hunt Transport Services’s revenue was up 4.6% compared to the same quarter last year. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.
J.B. Hunt Transport Services Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is currently 27.86%.
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.
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