Cibc World Markets Corp Acquires 1,659 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Cibc World Markets Corp grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 15.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,666 shares of the transportation company’s stock after buying an additional 1,659 shares during the quarter. Cibc World Markets Corp’s holdings in J.B. Hunt Transport Services were worth $2,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Janus Henderson Group PLC raised its position in shares of J.B. Hunt Transport Services by 0.7% in the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock valued at $581,567,000 after purchasing an additional 22,563 shares during the period. State Street Corp raised its position in shares of J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after purchasing an additional 19,826 shares during the period. Parnassus Investments LLC raised its position in shares of J.B. Hunt Transport Services by 4.9% in the fourth quarter. Parnassus Investments LLC now owns 790,038 shares of the transportation company’s stock valued at $134,828,000 after purchasing an additional 37,033 shares during the period. Stifel Financial Corp raised its position in shares of J.B. Hunt Transport Services by 1.4% in the third quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company’s stock valued at $110,524,000 after purchasing an additional 8,997 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of J.B. Hunt Transport Services by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 576,159 shares of the transportation company’s stock valued at $98,327,000 after purchasing an additional 22,461 shares during the period. Institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on JBHT shares. Truist Financial assumed coverage on shares of J.B. Hunt Transport Services in a research report on Thursday, March 13th. They issued a “hold” rating and a $165.00 price target on the stock. TD Cowen decreased their target price on shares of 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. Bank of America decreased their target price on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a report on Monday. Raymond James decreased their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Finally, Evercore ISI decreased their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.80.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $147.49 on Friday. J.B. Hunt Transport Services, Inc. has a 52-week low of $144.90 and a 52-week high of $200.40. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. The company has a fifty day moving average of $165.91 and a 200-day moving average of $172.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the company posted $1.47 EPS. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities research 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 company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.44 per share. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.19%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.65%.

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

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

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.