47,959 Shares in J.B. Hunt Transport Services, Inc. $JBHT Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 47,959 shares of the transportation company’s stock, valued at approximately $6,435,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in J.B. Hunt Transport Services by 44.1% during the third quarter. Allworth Financial LP now owns 4,387 shares of the transportation company’s stock worth $589,000 after purchasing an additional 1,343 shares in the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of J.B. Hunt Transport Services by 70.3% in the third quarter. Swiss Life Asset Management Ltd now owns 22,818 shares of the transportation company’s stock valued at $3,061,000 after buying an additional 9,416 shares in the last quarter. Investment Research Partners LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at $234,000. Trust Investment Advisors raised its holdings in shares of J.B. Hunt Transport Services by 10.5% in the 3rd quarter. Trust Investment Advisors now owns 4,897 shares of the transportation company’s stock valued at $657,000 after buying an additional 464 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in J.B. Hunt Transport Services during the 3rd quarter worth about $1,420,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on JBHT shares. TD Cowen restated a “hold” rating on shares of J.B. Hunt Transport Services in a report on Monday, January 12th. Morgan Stanley boosted their price target on shares of J.B. Hunt Transport Services from $150.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Sanford C. Bernstein increased their price target on shares of J.B. Hunt Transport Services from $158.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, January 9th. Vertical Research lowered shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a research note on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft set a $227.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $205.27.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $199.93 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.81. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23. The stock’s 50-day moving average is $215.16 and its two-hundred day moving average is $183.46. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $236.00.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the business posted $1.53 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, February 6th. J.B. Hunt Transport Services’s dividend payout ratio is 29.32%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs sold 3,038 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $201.97, for a total value of $613,584.86. Following the sale, the chief operating officer directly owned 90,318 shares of the company’s stock, valued at approximately $18,241,526.46. This represents a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Darren P. Field sold 9,000 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $219.76, for a total transaction of $1,977,840.00. Following the completion of the sale, the executive vice president owned 10,736 shares in the company, valued at $2,359,343.36. The trade was a 45.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,945 shares of company stock valued at $5,656,495 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

About J.B. Hunt Transport Services

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.