Parnassus Investments LLC Increases Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Parnassus Investments LLC boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 753,005 shares of the transportation company’s stock after buying an additional 93,213 shares during the period. Parnassus Investments LLC’s holdings in J.B. Hunt Transport Services were worth $129,765,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc lifted its position in J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares during the period. Innealta Capital LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter valued at $31,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now directly owns 4,050 shares in the company, valued at $786,550.50. This represents a 35.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This trade represents a 17.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,314 shares of company stock valued at $1,534,052. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Up 0.9 %

Shares of JBHT opened at $184.00 on Tuesday. The stock has a 50 day moving average price of $175.84 and a 200 day moving average price of $168.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $18.55 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.90 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.93%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JBHT. Evercore ISI raised their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. TD Cowen lifted their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Loop Capital increased their price target on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Stephens restated an “overweight” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $190.11.

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.