Intact Investment Management Inc. Acquires Shares of 390 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Intact Investment Management Inc. acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 390 shares of the transportation company’s stock, valued at approximately $67,000.

A number of other institutional investors and hedge funds have also bought and sold shares of JBHT. Paloma Partners Management Co increased its stake in J.B. Hunt Transport Services by 14,254.9% during the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock valued at $32,035,000 after purchasing an additional 184,601 shares in the last quarter. Mizuho Securities USA LLC increased its stake in J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after purchasing an additional 149,815 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in J.B. Hunt Transport Services by 155.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after purchasing an additional 134,476 shares in the last quarter. Parnassus Investments LLC grew its stake in shares of J.B. Hunt Transport Services by 14.1% in the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after acquiring an additional 93,213 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of J.B. Hunt Transport Services in the third quarter worth approximately $15,149,000. 74.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on JBHT. Evercore ISI reduced their price target on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company lowered their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Truist Financial assumed coverage on shares of J.B. Hunt Transport Services in a report on Thursday. They issued a “hold” rating and a $165.00 target price on the stock. Bank of America boosted their target price on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Benchmark restated a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.60.

Insider Buying and Selling

In related news, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Trading Down 0.3 %

NASDAQ JBHT opened at $149.00 on Friday. The company’s 50-day moving average price is $168.26 and its 200-day moving average price is $173.69. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market cap of $14.90 billion, a PE ratio of 26.80, a PEG ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 12 month low of $147.00 and a 12 month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the company earned $1.47 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.44 dividend. The ex-dividend date was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 1.18%. J.B. Hunt Transport Services’s dividend payout ratio is 31.65%.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.