Voloridge Investment Management LLC grew its holdings in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 9.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,846 shares of the transportation company’s stock after purchasing an additional 2,492 shares during the quarter. Voloridge Investment Management LLC’s holdings in J B Hunt Transport Services were worth $3,192,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of J B Hunt Transport Services by 64.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,549,237 shares of the transportation company’s stock worth $1,512,766,000 after purchasing an additional 6,466,645 shares in the last quarter. Atlanta Capital Management Co. L L C grew its stake in J B Hunt Transport Services by 20.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 4,209,332 shares of the transportation company’s stock worth $384,775,000 after buying an additional 706,693 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in J B Hunt Transport Services during the 2nd quarter valued at about $27,881,000. Manning & Napier Group LLC acquired a new position in J B Hunt Transport Services during the 3rd quarter valued at about $25,360,000. Finally, Nuveen Asset Management LLC raised its stake in J B Hunt Transport Services by 9,936.3% in the second quarter. Nuveen Asset Management LLC now owns 213,271 shares of the transportation company’s stock valued at $19,495,000 after buying an additional 211,146 shares during the last quarter. Hedge funds and other institutional investors own 75.43% of the company’s stock.
NASDAQ JBHT opened at $114.32 on Tuesday. The stock has a 50-day simple moving average of $116.73 and a two-hundred day simple moving average of $103.64. The firm has a market capitalization of $12.32 billion, a P/E ratio of 20.16, a PEG ratio of 1.42 and a beta of 1.12. J B Hunt Transport Services Inc has a fifty-two week low of $83.64 and a fifty-two week high of $122.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 1.29.
The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 7th. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.
In other news, CFO David G. Mee sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $121.06, for a total transaction of $302,650.00. Following the sale, the chief financial officer now owns 108,650 shares of the company’s stock, valued at approximately $13,153,169. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nicholas Hobbs sold 2,300 shares of J B Hunt Transport Services stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $110.80, for a total transaction of $254,840.00. Following the transaction, the executive vice president now directly owns 61,519 shares of the company’s stock, valued at $6,816,305.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 182,275 shares of company stock valued at $21,350,312. 3.60% of the stock is owned by company insiders.
JBHT has been the subject of several recent analyst reports. Loop Capital downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. They noted that the move was a valuation call. Credit Suisse Group restated a “neutral” rating and set a $106.00 price target (up previously from $101.00) on shares of J B Hunt Transport Services in a research note on Wednesday, October 16th. Argus restated a “hold” rating on shares of J B Hunt Transport Services in a report on Thursday, October 17th. Cowen reaffirmed a “market perform” rating and issued a $108.00 price objective (down from $113.00) on shares of J B Hunt Transport Services in a research report on Wednesday, October 16th. Finally, UBS Group lifted their target price on shares of J B Hunt Transport Services from $98.00 to $114.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $110.29.
About J B Hunt Transport Services
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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