J.B. Hunt Transport Services, Inc. (JBHT) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,829 shares of the transportation company’s stock after acquiring an additional 6,473 shares during the quarter. Sei Investments Co. owned about 0.12% of J.B. Hunt Transport Services worth $15,386,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in J.B. Hunt Transport Services by 8.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,888,361 shares of the transportation company’s stock worth $320,840,000 after buying an additional 233,071 shares during the last quarter. Bessemer Group Inc. lifted its position in J.B. Hunt Transport Services by 0.7% in the 3rd quarter. Bessemer Group Inc. now owns 2,102,300 shares of the transportation company’s stock worth $233,523,000 after buying an additional 15,199 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in J.B. Hunt Transport Services by 27.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 841,450 shares of the transportation company’s stock worth $93,468,000 after buying an additional 182,207 shares during the last quarter. Congress Asset Management Co. MA lifted its position in J.B. Hunt Transport Services by 2.8% in the 4th quarter. Congress Asset Management Co. MA now owns 790,953 shares of the transportation company’s stock worth $90,944,000 after buying an additional 21,502 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in J.B. Hunt Transport Services by 14.2% in the 3rd quarter. Jennison Associates LLC now owns 736,346 shares of the transportation company’s stock worth $81,793,000 after buying an additional 91,538 shares during the last quarter. Institutional investors own 71.91% of the company’s stock.

J.B. Hunt Transport Services, Inc. (JBHT) opened at $118.20 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.48. J.B. Hunt Transport Services, Inc. has a 12 month low of $83.35 and a 12 month high of $126.49. The company has a market capitalization of $13,234.02, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 1.81 and a beta of 0.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 18th. The transportation company reported $3.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $2.45. J.B. Hunt Transport Services had a return on equity of 27.32% and a net margin of 9.55%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. equities analysts predict that J.B. Hunt Transport Services, Inc. will post 5.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, February 8th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 0.81%. J.B. Hunt Transport Services’s payout ratio is 15.51%.

In other news, Director Earl Wayne Garrison sold 21,344 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total transaction of $2,684,861.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Bradley W. Hicks sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $110.33, for a total value of $110,330.00. Following the transaction, the executive vice president now directly owns 16,690 shares in the company, valued at $1,841,407.70. The disclosure for this sale can be found here. Insiders have sold 22,844 shares of company stock worth $2,851,467 over the last three months. Insiders own 4.30% of the company’s stock.

A number of research firms recently weighed in on JBHT. Credit Suisse Group boosted their target price on J.B. Hunt Transport Services from $129.00 to $131.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Cowen restated a “hold” rating and issued a $127.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. BidaskClub upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $138.00 target price for the company in a research report on Tuesday, January 23rd. Finally, Stephens reaffirmed a “buy” rating and issued a $135.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, January 3rd. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $118.89.

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J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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