Quantbot Technologies LP Acquires 23,007 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Quantbot Technologies LP boosted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 172.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,322 shares of the transportation company’s stock after acquiring an additional 23,007 shares during the quarter. Quantbot Technologies LP’s holdings in J.B. Hunt Transport Services were worth $5,812,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after purchasing an additional 193,684 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in J.B. Hunt Transport Services by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock worth $231,416,000 after acquiring an additional 5,179 shares during the period. William Blair Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $444,000. DekaBank Deutsche Girozentrale lifted its stake in shares of J.B. Hunt Transport Services by 13.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 17,955 shares of the transportation company’s stock valued at $2,821,000 after purchasing an additional 2,060 shares during the period. Finally, Qsemble Capital Management LP bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $1,018,000. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on JBHT shares. Loop Capital lowered their target price on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Morgan Stanley dropped their target price on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. Evercore ISI reduced their price target on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, TD Cowen reduced their target price on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $181.88.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction on Friday, July 19th. The stock was purchased at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $168.66 on Monday. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The stock has a market capitalization of $17.20 billion, a P/E ratio of 26.77, a PEG ratio of 2.84 and a beta of 1.15. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $168.21 and its 200 day moving average is $172.10.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the business earned $1.81 earnings per share. J.B. Hunt Transport Services’s revenue was down 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.