10,939 Shares in J.B. Hunt Transport Services, Inc. $JBHT Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,939 shares of the transportation company’s stock, valued at approximately $3,166,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBHT. Jupiter Topco LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter valued at about $891,349,000. J. Goldman & Co LP acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $2,330,000. Hsbc Holdings PLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $44,637,000. Primecap Management Co. CA bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $149,841,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $23,033,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on JBHT shares. BMO Capital Markets restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Susquehanna set a $345.00 price target on J.B. Hunt Transport Services in a research report on Thursday, July 16th. Wells Fargo & Company increased their price target on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Stephens raised their price target on J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, UBS Group lifted their price objective on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $262.18 on Wednesday. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $299.76. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $277.76 and a two-hundred day moving average of $251.92. The company has a market capitalization of $24.62 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 1.63 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the company posted $1.31 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. As a group, analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.