Dimensional Fund Advisors LP lifted its holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 578,166 shares of the transportation company’s stock after purchasing an additional 72,329 shares during the quarter. Dimensional Fund Advisors LP owned 0.53% of J B Hunt Transport Services worth $53,795,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. CWM LLC increased its stake in shares of J B Hunt Transport Services by 59.5% during the 4th quarter. CWM LLC now owns 276 shares of the transportation company’s stock worth $26,000 after purchasing an additional 103 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of J B Hunt Transport Services by 72.6% during the 4th quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock worth $28,000 after purchasing an additional 127 shares during the last quarter. Exane Asset Management purchased a new position in J B Hunt Transport Services in the 4th quarter valued at approximately $41,000. Heritage Trust Co grew its stake in J B Hunt Transport Services by 289.2% in the 4th quarter. Heritage Trust Co now owns 864 shares of the transportation company’s stock valued at $80,000 after buying an additional 642 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in J B Hunt Transport Services in the 4th quarter valued at approximately $99,000. 72.46% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Thursday. Deutsche Bank downgraded shares of J B Hunt Transport Services from a “buy” rating to a “sell” rating and set a $98.51 price objective for the company. in a report on Wednesday. Argus downgraded shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Wednesday. Loop Capital dropped their price objective on shares of J B Hunt Transport Services to $133.00 and set a “buy” rating for the company in a report on Tuesday, April 16th. Finally, Morgan Stanley dropped their price objective on shares of J B Hunt Transport Services from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. J B Hunt Transport Services currently has an average rating of “Hold” and an average price target of $115.89.
Shares of NASDAQ JBHT traded down $1.30 during midday trading on Friday, hitting $97.21. 3,040,760 shares of the company traded hands, compared to its average volume of 1,165,913. The stock has a market capitalization of $10.57 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.41 and a beta of 1.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.44 and a quick ratio of 1.10. J B Hunt Transport Services Inc has a 12-month low of $88.38 and a 12-month high of $131.74.
J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.16). The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.17 billion. J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.07 EPS. Research analysts anticipate that J B Hunt Transport Services Inc will post 5.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. J B Hunt Transport Services’s dividend payout ratio is presently 18.34%.
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J B Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).
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