J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by M&T Bank Corp

M&T Bank Corp grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,586 shares of the transportation company’s stock after purchasing an additional 261 shares during the quarter. M&T Bank Corp’s holdings in J.B. Hunt Transport Services were worth $618,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after purchasing an additional 193,684 shares during the last quarter. Paloma Partners Management Co grew its holdings in shares of J.B. Hunt Transport Services by 14,254.9% during the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock valued at $32,035,000 after buying an additional 184,601 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in shares of J.B. Hunt Transport Services by 2,384.8% during the third quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after buying an additional 149,815 shares during the last quarter. AQR Capital Management LLC increased its position in shares of J.B. Hunt Transport Services by 282.8% in the 2nd 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. Finally, Legacy Capital Wealth Partners LLC purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth $19,755,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $177.31 on Wednesday. The stock has a market capitalization of $17.88 billion, a P/E ratio of 32.24, a P/E/G ratio of 2.90 and a beta of 1.15. The company’s fifty day moving average price is $181.90 and its 200 day moving average price is $171.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its 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 business had revenue of $3.07 billion for 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 last year, the business earned $1.80 earnings per share. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.27%.

Wall Street Analyst Weigh In

Several analysts have weighed in on JBHT shares. Bank of America boosted their price target on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. 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 on the stock in a report on Wednesday, October 9th. Evercore ISI lifted their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen increased their price objective on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus boosted their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average target price of $190.11.

Insider Buying and Selling

In related news, EVP Spencer Frazier sold 2,200 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is owned by corporate insiders.

About J.B. Hunt Transport Services

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.