Versor Investments LP Acquires 2,100 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Versor Investments LP boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 95.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,303 shares of the transportation company’s stock after buying an additional 2,100 shares during the period. Versor Investments LP’s holdings in J.B. Hunt Transport Services were worth $734,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the third quarter worth approximately $26,000. True Wealth Design LLC boosted its position in J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 142 shares in the last quarter. National Pension Service bought a new stake in J.B. Hunt Transport Services during the 4th quarter valued at $30,000. BankPlus Trust Department bought a new stake in J.B. Hunt Transport Services during the 4th quarter valued at $34,000. Finally, Versant Capital Management Inc boosted its position in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after purchasing an additional 142 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $161.19 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $208.69. The company has a market capitalization of $16.12 billion, a PE ratio of 28.99, a P/E/G ratio of 1.61 and a beta of 1.15. The company has a fifty day moving average of $171.22 and a two-hundred day moving average of $174.69.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). 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 $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company earned $1.47 EPS. The business’s revenue was down 4.5% on a year-over-year basis. As a group, analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.44 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.09%. J.B. Hunt Transport Services’s dividend payout ratio is 31.65%.

Analysts Set New Price Targets

JBHT has been the subject of a number of recent analyst reports. Bank of America raised their price objective on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Barclays lifted their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Stifel Nicolaus cut their price target on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a research note on Wednesday, January 15th. Raymond James cut their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Finally, Benchmark reiterated a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $191.11.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now owns 700 shares of the company’s stock, valued at approximately $127,904. The trade was a 17.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,545 shares of company stock worth $1,898,942. Company insiders own 2.10% 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.