Connor Clark & Lunn Investment Management Ltd. Takes Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Connor Clark & Lunn Investment Management Ltd. bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,967 shares of the transportation company’s stock, valued at approximately $1,701,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Studio Investment Management LLC grew its holdings in J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock worth $184,000 after acquiring an additional 55 shares during the last quarter. iA Global Asset Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock valued at $368,000 after purchasing an additional 55 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of J.B. Hunt Transport Services by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock valued at $878,000 after purchasing an additional 61 shares in the last quarter. Blue Trust Inc. lifted its holdings in J.B. Hunt Transport Services by 18.6% during the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company’s stock worth $92,000 after buying an additional 84 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after buying an additional 86 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

JBHT has been the topic of several recent research reports. TD Cowen decreased their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Benchmark reiterated a “buy” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. UBS Group cut their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Truist Financial started coverage on shares of J.B. Hunt Transport Services in a report on Thursday, March 13th. They set a “hold” rating and a $165.00 target price for the company. Finally, Raymond James reduced their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $186.80.

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

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $147.05 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. The stock’s 50-day moving average is $166.52 and its 200-day moving average is $173.16. J.B. Hunt Transport Services, Inc. has a one year low of $144.90 and a one year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.20%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.65%.

J.B. Hunt Transport Services Profile

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.