J.B. Hunt Transport Services, Inc. $JBHT Shares Purchased by Allstate Corp

Allstate Corp boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 127.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,478 shares of the transportation company’s stock after purchasing an additional 3,071 shares during the period. Allstate Corp’s holdings in J.B. Hunt Transport Services were worth $1,065,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of J.B. Hunt Transport Services by 74.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after acquiring an additional 6,668 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 3.3% during the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after purchasing an additional 13,729 shares during the last quarter. Empowered Funds LLC lifted its position in shares of J.B. Hunt Transport Services by 27.8% during the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after purchasing an additional 385 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter worth about $539,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of J.B. Hunt Transport Services by 21.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock worth $84,000 after purchasing an additional 101 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $254.28, for a total value of $254,280.00. Following the transaction, the director owned 19,559 shares in the company, valued at approximately $4,973,462.52. The trade was a 4.86% 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 Darren P. Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the completion of the transaction, the executive vice president owned 8,696 shares in the company, valued at approximately $2,213,045.04. This trade represents a 31.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,916 shares of company stock valued at $4,109,634 in the last 90 days. 2.50% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $276.43 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $277.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $26.07 billion, a PE ratio of 42.79, a P/E/G ratio of 2.03 and a beta of 1.28. The company’s 50 day simple moving average is $237.42 and its 200 day simple moving average is $214.07.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is 27.86%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Bank of America increased their price target on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Benchmark increased their price target on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Morgan Stanley raised their target price on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Finally, Barclays raised their target price on shares of J.B. Hunt Transport Services from $200.00 to $235.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $228.17.

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.