CIBC Asset Management Inc Has $3.57 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

CIBC Asset Management Inc raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 55.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,345 shares of the transportation company’s stock after buying an additional 6,566 shares during the period. CIBC Asset Management Inc’s holdings in J.B. Hunt Transport Services were worth $3,565,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JBHT. AQR Capital Management LLC boosted its position in J.B. Hunt Transport Services by 411.5% in the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after buying an additional 1,447,993 shares in the last quarter. Norges Bank acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $200,587,000. Bessemer Group Inc. boosted its position in J.B. Hunt Transport Services by 75,567.4% in the fourth quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock valued at $195,580,000 after buying an additional 1,005,047 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in J.B. Hunt Transport Services by 338.0% in the third quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock valued at $110,434,000 after buying an additional 635,172 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in J.B. Hunt Transport Services by 18.4% in the third quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock valued at $358,510,000 after buying an additional 416,167 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

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

In related news, insider Bradley W. Hicks sold 7,644 shares of J.B. Hunt Transport Services stock in a transaction on Friday, May 15th. The shares were sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the completion of the transaction, the insider owned 23,982 shares of the company’s stock, valued at $6,281,125.62. This trade represents a 24.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James K. Thompson sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total transaction of $254,280.00. Following the transaction, the director directly owned 19,559 shares of the company’s stock, valued at $4,973,462.52. This represents a 4.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,916 shares of company stock valued at $4,109,634 over the last three months. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays raised their price target on shares of J.B. Hunt Transport Services from $200.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Wells Fargo & Company raised their price target on shares of J.B. Hunt Transport Services from $250.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday. TD Cowen raised their price target on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Argus set a $285.00 price target on shares of J.B. Hunt Transport Services in a research note on Monday, April 20th. Finally, Morgan Stanley raised their price target on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $233.83.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $284.95 on Monday. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $289.95. The firm has a fifty day simple moving average of $245.14 and a 200 day simple moving average of $218.46. The company has a market capitalization of $26.87 billion, a PE ratio of 44.11, a P/E/G ratio of 2.12 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

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

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.86%.

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.