GAMMA Investing LLC Has $175,000 Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

GAMMA Investing LLC grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,023 shares of the transportation company’s stock after purchasing an additional 192 shares during the quarter. GAMMA Investing LLC’s holdings in J.B. Hunt Transport Services were worth $175,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after acquiring an additional 193,684 shares during the last quarter. Paloma Partners Management Co lifted its stake in shares of J.B. Hunt Transport Services by 14,254.9% in 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 during the period. Mizuho Securities USA LLC boosted its position in shares of 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. AQR Capital Management LLC grew its stake in J.B. Hunt Transport Services by 282.8% during the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after purchasing an additional 128,283 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in J.B. Hunt Transport Services in the second quarter worth approximately $16,887,000. 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, EVP Darren P. Field sold 1,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares in the company, valued at $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares of the company’s stock, valued at $127,904. The trade was a 17.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock worth $2,136,277 in the last quarter. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $177.83 on Thursday. The stock has a 50 day moving average of $180.96 and a 200 day moving average of $172.89. The company has a market capitalization of $17.93 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.86 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period in the previous year, the business posted $1.80 EPS. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Evercore ISI raised their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group dropped their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a research note on Friday, January 3rd. Benchmark reaffirmed a “buy” rating and set a $185.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Citigroup raised their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.06.

J.B. Hunt Transport Services Company Profile

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.