Visionary Asset Management Inc. acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,022 shares of the transportation company’s stock, valued at approximately $447,000.

Other hedge funds have also recently made changes to their positions in the company. D.A. Davidson & CO. lifted its position in shares of J.B. Hunt Transport Services by 0.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,733 shares of the transportation company’s stock worth $249,000 after buying an additional 12 shares during the period. Alps Advisors Inc. lifted its position in shares of J.B. Hunt Transport Services by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,071 shares of the transportation company’s stock worth $463,000 after buying an additional 14 shares during the period. Tudor Investment Corp ET AL lifted its position in shares of J.B. Hunt Transport Services by 0.4% during the 2nd quarter. Tudor Investment Corp ET AL now owns 5,849 shares of the transportation company’s stock worth $534,000 after buying an additional 22 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in shares of J.B. Hunt Transport Services by 3.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock worth $122,000 after buying an additional 43 shares during the period. Finally, Paradigm Asset Management Co. LLC lifted its position in shares of J.B. Hunt Transport Services by 3.1% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock worth $151,000 after buying an additional 50 shares during the period. Institutional investors own 71.01% of the company’s stock.

In other news, Director Earl Wayne Garrison sold 100,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $109.29, for a total value of $10,929,000.00. Following the transaction, the director now directly owns 2,050,000 shares in the company, valued at approximately $224,044,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Kuhlow sold 500 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $112.55, for a total value of $56,275.00. Following the completion of the transaction, the senior vice president now owns 3,499 shares in the company, valued at $393,812.45. The disclosure for this sale can be found here. Insiders sold a total of 101,500 shares of company stock valued at $11,095,605 over the last three months. Insiders own 4.30% of the company’s stock.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at $111.39 on Friday. The company has a market capitalization of $12,290.00, a price-to-earnings ratio of 30.23, a PEG ratio of 2.27 and a beta of 1.05. J.B. Hunt Transport Services, Inc. has a 52 week low of $83.35 and a 52 week high of $112.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.48.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Friday, October 13th. The transportation company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the business posted $0.97 earnings per share. sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 3.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.92 annualized dividend and a dividend yield of 0.83%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 24.53%.

Several research firms recently commented on JBHT. BidaskClub upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Barclays restated a “hold” rating and set a $115.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday. Cowen restated a “buy” rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a research report on Sunday, October 1st. BMO Capital Markets restated a “neutral” rating on shares of J.B. Hunt Transport Services in a research report on Friday, December 1st. Finally, Stifel Nicolaus upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and raised their target price for the stock from $91.00 to $125.00 in a research report on Friday, September 29th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $110.00.

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J.B. Hunt Transport Services Profile

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.

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

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