Gateway Investment Advisers LLC Grows Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Gateway Investment Advisers LLC increased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 48.4% during the 4th quarter, HoldingsChannel reports. The firm owned 4,239 shares of the transportation company’s stock after buying an additional 1,383 shares during the period. Gateway Investment Advisers LLC’s holdings in J.B. Hunt Transport Services were worth $723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted 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 purchasing an additional 193,684 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $16,887,000. Amalgamated Bank grew its stake in shares of J.B. Hunt Transport Services by 31.9% during the 2nd quarter. Amalgamated Bank now owns 22,509 shares of the transportation company’s stock valued at $3,601,000 after acquiring an additional 5,442 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in J.B. Hunt Transport Services by 26.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,791 shares of the transportation company’s stock worth $1,407,000 after acquiring an additional 1,814 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in J.B. Hunt Transport Services during the 2nd quarter worth approximately $1,369,000. Institutional investors own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at $786,550.50. This trade represents a 35.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the sale, the chief executive officer now owns 82,264 shares in the company, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,459 shares of company stock worth $2,136,277. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of several research analyst reports. Bank of America increased their target price on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group decreased their price target on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a report on Friday. Barclays raised their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $191.67.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $172.45 on Friday. The stock has a fifty day simple moving average of $180.08 and a 200-day simple moving average of $173.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock has a market cap of $17.39 billion, a PE ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned $1.47 EPS. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.67 earnings per share for the current year.

J.B. Hunt Transport Services 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.