New York Life Investment Management LLC Grows Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

New York Life Investment Management LLC raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,711 shares of the transportation company’s stock after purchasing an additional 65 shares during the quarter. New York Life Investment Management LLC’s holdings in J.B. Hunt Transport Services were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings in J.B. Hunt Transport Services by 3.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock valued at $433,186,000 after purchasing an additional 62,313 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of J.B. Hunt Transport Services by 184.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after acquiring an additional 1,397,651 shares in the last quarter. Invesco Ltd. boosted its stake in shares of J.B. Hunt Transport Services by 5.6% during the 3rd quarter. Invesco Ltd. now owns 1,090,774 shares of the transportation company’s stock worth $205,633,000 after acquiring an additional 57,546 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of J.B. Hunt Transport Services by 24.7% during the 3rd quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company’s stock worth $167,664,000 after acquiring an additional 176,027 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Northern Trust Corp now owns 878,631 shares of the transportation company’s stock worth $165,640,000 after acquiring an additional 44,760 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.6 %

Shares of JBHT opened at $165.56 on Monday. The stock has a fifty day moving average of $188.42 and a two-hundred day moving average of $190.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $17.09 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $160.07 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.04%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Insider Activity

In other news, SVP Kevin Bracy sold 754 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total transaction of $159,689.66. Following the completion of the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the completion of the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The disclosure for this sale can be found here. Insiders sold 15,454 shares of company stock valued at $3,283,219 in the last ninety days. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on JBHT shares. JPMorgan Chase & Co. decreased their price target on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. StockNews.com raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Barclays decreased their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. TD Cowen decreased their price target on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Finally, Susquehanna cut their price objective on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average price target of $194.24.

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.