King Luther Capital Management Corp Purchases 2,443 Shares of J.B. Hunt Transport Services, Inc. $JBHT

King Luther Capital Management Corp raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,111 shares of the transportation company’s stock after buying an additional 2,443 shares during the quarter. King Luther Capital Management Corp’s holdings in J.B. Hunt Transport Services were worth $3,906,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the business. Syon Capital LLC lifted its stake in J.B. Hunt Transport Services by 40.0% during the third quarter. Syon Capital LLC now owns 6,934 shares of the transportation company’s stock worth $930,000 after purchasing an additional 1,982 shares during the period. NEOS Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $437,000. GSA Capital Partners LLP acquired a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at $1,452,000. Rothschild Investment LLC grew its position in J.B. Hunt Transport Services by 14,714.3% in the third quarter. Rothschild Investment LLC now owns 4,148 shares of the transportation company’s stock valued at $557,000 after acquiring an additional 4,120 shares during the period. Finally, Zions Bancorporation National Association UT raised its stake in J.B. Hunt Transport Services by 332.2% during the third quarter. Zions Bancorporation National Association UT now owns 3,721 shares of the transportation company’s stock worth $499,000 after acquiring an additional 2,860 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JBHT. Citigroup lowered shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and upped their target price for the stock from $175.00 to $221.00 in a report on Wednesday, January 7th. Argus raised J.B. Hunt Transport Services to a “strong-buy” rating in a report on Thursday, January 22nd. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and raised their price target for the company from $160.00 to $240.00 in a report on Thursday, January 8th. JPMorgan Chase & Co. lifted their price objective on J.B. Hunt Transport Services from $176.00 to $211.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Finally, Barclays increased their target price on J.B. Hunt Transport Services from $150.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $203.00.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 1,588 shares of J.B. Hunt Transport Services stock in a transaction on Monday, December 8th. The shares were sold at an average price of $189.29, for a total transaction of $300,592.52. Following the completion of the sale, the executive vice president owned 550 shares of the company’s stock, valued at approximately $104,109.50. The trade was a 74.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO John Kuhlow sold 3,225 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $179.76, for a total transaction of $579,726.00. Following the sale, the chief accounting officer owned 13,095 shares of the company’s stock, valued at $2,353,957.20. The trade was a 19.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,316 shares of company stock valued at $6,727,749 over the last three months. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Trading Up 2.0%

Shares of JBHT opened at $230.16 on Friday. The stock’s fifty day simple moving average is $208.51 and its 200-day simple moving average is $173.49. The firm has a market capitalization of $21.92 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $234.82. The company has a quick ratio of 0.87, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the company earned $1.53 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. As a group, research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a $0.45 dividend. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, February 6th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 29.32%.

J.B. Hunt Transport Services Company 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.