Avanza Fonder AB Takes $1.55 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Avanza Fonder AB acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,053 shares of the transportation company’s stock, valued at approximately $1,545,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after purchasing an additional 193,684 shares in the last quarter. Renaissance Technologies LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at about $16,887,000. Amalgamated Bank increased its stake in 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 buying an additional 5,442 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of J.B. Hunt Transport Services by 26.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,791 shares of the transportation company’s stock worth $1,407,000 after buying an additional 1,814 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $1,369,000. 74.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on JBHT shares. Benchmark reiterated a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday. The Goldman Sachs Group dropped their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Citigroup lowered their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company cut their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Friday. Finally, Barclays lifted their price objective on shares of 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. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $191.67.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee sold 145 shares of the company’s 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 sale, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. This represents a 17.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Shelley Simpson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the transaction, the chief executive officer now directly owns 82,264 shares in the company, valued at $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,459 shares of company stock valued at $2,136,277. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Trading Down 7.4 %

NASDAQ:JBHT opened at $172.45 on Friday. The stock has a market cap of $17.39 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s 50-day moving average is $180.08 and its two-hundred day moving average is $173.95.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the firm posted $1.47 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.67 earnings per share for the current fiscal 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.