Toronto Dominion Bank raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,564 shares of the transportation company’s stock after buying an additional 1,928 shares during the period. Toronto Dominion Bank’s holdings in J.B. Hunt Transport Services were worth $7,068,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. J. W. Coons Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 8.8% in the 4th quarter. J. W. Coons Advisors LLC now owns 2,881 shares of the transportation company’s stock worth $502,000 after purchasing an additional 233 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of J.B. Hunt Transport Services by 6.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 15,726 shares of the transportation company’s stock worth $2,742,000 after purchasing an additional 1,004 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $245,000. Metis Global Partners LLC acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $299,000. Finally, Handelsbanken Fonder AB increased its position in shares of J.B. Hunt Transport Services by 9.7% in the fourth quarter. Handelsbanken Fonder AB now owns 37,809 shares of the transportation company’s stock worth $6,592,000 after acquiring an additional 3,337 shares in the last quarter. Institutional investors and hedge funds own 74.93% of the company’s stock.
J.B. Hunt Transport Services Stock Performance
Shares of NASDAQ:JBHT opened at $179.12 on Monday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.92 and a fifty-two week high of $200.64. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.39 and a beta of 1.13. The firm’s 50 day simple moving average is $174.51 and its 200 day simple moving average is $178.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.17 and a quick ratio of 1.38.
J.B. Hunt Transport Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, May 12th will be issued a $0.42 dividend. The ex-dividend date is Thursday, May 11th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.94%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 19.09%.
Insider Transactions at J.B. Hunt Transport Services
In related news, EVP Alfred C. Harper sold 5,300 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $190.33, for a total value of $1,008,749.00. Following the completion of the transaction, the executive vice president now owns 32,556 shares in the company, valued at approximately $6,196,383.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $175.30, for a total transaction of $210,360.00. Following the completion of the transaction, the executive vice president now owns 1,210 shares in the company, valued at approximately $212,113. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alfred C. Harper sold 5,300 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $190.33, for a total transaction of $1,008,749.00. Following the transaction, the executive vice president now owns 32,556 shares of the company’s stock, valued at approximately $6,196,383.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,958 shares of company stock valued at $1,657,469. 3.10% of the stock is currently owned by insiders.
Analysts Set New Price Targets
JBHT has been the topic of several analyst reports. Raymond James dropped their target price on shares of J.B. Hunt Transport Services from $200.00 to $195.00 and set an “outperform” rating on the stock in a research report on Friday, April 14th. Morgan Stanley decreased their price target on shares of J.B. Hunt Transport Services from $180.00 to $172.00 and set an “equal weight” rating for the company in a report on Wednesday, April 19th. Stifel Nicolaus decreased their price target on shares of J.B. Hunt Transport Services from $169.00 to $162.00 in a report on Tuesday, April 18th. Argus decreased their price target on shares of J.B. Hunt Transport Services from $225.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, April 20th. Finally, StockNews.com assumed coverage on shares of J.B. Hunt Transport Services in a research report on Thursday, March 16th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $189.48.
About J.B. Hunt Transport Services
J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.
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