Stephens Investment Management Group LLC Increases Stake in J.B. Hunt Transport Services, Inc. (JBHT)

Stephens Investment Management Group LLC raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,700 shares of the transportation company’s stock after acquiring an additional 14,088 shares during the period. Stephens Investment Management Group LLC owned about 0.15% of J.B. Hunt Transport Services worth $19,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of J.B. Hunt Transport Services by 121.1% in the second quarter. Janus Henderson Group PLC now owns 626,522 shares of the transportation company’s stock valued at $57,252,000 after purchasing an additional 343,147 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of J.B. Hunt Transport Services by 8.8% in the third quarter. Bank of New York Mellon Corp now owns 2,888,361 shares of the transportation company’s stock valued at $320,840,000 after purchasing an additional 233,071 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at about $25,531,000. Ameriprise Financial Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 203.7% in the third quarter. Ameriprise Financial Inc. now owns 305,761 shares of the transportation company’s stock valued at $33,966,000 after purchasing an additional 205,080 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of J.B. Hunt Transport Services by 27.6% in the third quarter. Westfield Capital Management Co. LP now owns 841,450 shares of the transportation company’s stock valued at $93,468,000 after purchasing an additional 182,207 shares in the last quarter. 70.40% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the company. UBS Group upgraded J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and upped their target price for the stock from $115.00 to $126.00 in a report on Monday, October 23rd. Credit Suisse Group upped their target price on J.B. Hunt Transport Services from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Cowen reiterated a “hold” rating and set a $127.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. BidaskClub upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Finally, Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $138.00 target price on the stock in a report on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $118.89.

In related news, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $110.33, for a total transaction of $110,330.00. Following the sale, the executive vice president now owns 16,690 shares of the company’s stock, valued at $1,841,407.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Earl Wayne Garrison sold 21,344 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total value of $2,684,861.76. The disclosure for this sale can be found here. Insiders have sold 22,844 shares of company stock worth $2,851,467 in the last three months. 4.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) traded up $1.67 during trading hours on Thursday, reaching $120.00. The company’s stock had a trading volume of 934,100 shares, compared to its average volume of 1,130,331. J.B. Hunt Transport Services, Inc. has a 12-month low of $83.35 and a 12-month high of $126.49. The company has a quick ratio of 1.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $12,987.07, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, beating the consensus estimate of $1.03 by $2.45. J.B. Hunt Transport Services had a return on equity of 27.32% and a net margin of 9.55%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.96 dividend on an annualized basis and a yield of 0.80%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.23. J.B. Hunt Transport Services’s dividend payout ratio is currently 15.51%.

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About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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