47,959 Shares in J.B. Hunt Transport Services, Inc. $JBHT Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 47,959 shares of the transportation company’s stock, valued at approximately $6,435,000. Hudson Bay Capital Management LP owned approximately 0.05% of J.B. Hunt Transport Services at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JBHT. Allworth Financial LP increased its position in shares of J.B. Hunt Transport Services by 44.1% during the third quarter. Allworth Financial LP now owns 4,387 shares of the transportation company’s stock worth $589,000 after purchasing an additional 1,343 shares in the last quarter. Swiss Life Asset Management Ltd raised its stake in J.B. Hunt Transport Services by 70.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 22,818 shares of the transportation company’s stock valued at $3,061,000 after purchasing an additional 9,416 shares during the last quarter. Investment Research Partners LLC purchased a new position in J.B. Hunt Transport Services in the 3rd quarter valued at $234,000. Trust Investment Advisors boosted its stake in J.B. Hunt Transport Services by 10.5% during the 3rd quarter. Trust Investment Advisors now owns 4,897 shares of the transportation company’s stock worth $657,000 after purchasing an additional 464 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in J.B. Hunt Transport Services during the 3rd quarter worth $1,420,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on JBHT shares. Robert W. Baird increased their target price on shares of J.B. Hunt Transport Services from $173.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Stifel Nicolaus set a $201.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 16th. Wolfe Research reiterated an “outperform” rating and issued a $214.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, January 8th. Argus raised shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company boosted their target price on J.B. Hunt Transport Services from $170.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.27.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, insider Bradley W. Hicks sold 4,028 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total value of $906,823.64. Following the transaction, the insider owned 30,395 shares of the company’s stock, valued at $6,842,826.35. This represents a 11.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ronald Greer Woodruff sold 1,391 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $207.00, for a total transaction of $287,937.00. Following the transaction, the executive vice president directly owned 4,019 shares of the company’s stock, valued at approximately $831,933. This trade represents a 25.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 25,945 shares of company stock worth $5,656,495. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $199.93 on Friday. The firm has a 50 day simple moving average of $215.16 and a 200-day simple moving average of $183.46. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.81. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $236.00.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the company earned $1.53 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were paid a $0.45 dividend. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. J.B. Hunt Transport Services’s dividend payout ratio is currently 29.32%.

About J.B. Hunt Transport Services

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.