Bank of New York Mellon Corp Has $87.28 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Bank of New York Mellon Corp lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 511,407 shares of the transportation company’s stock after purchasing an additional 9,935 shares during the period. Bank of New York Mellon Corp’s holdings in J.B. Hunt Transport Services were worth $87,277,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $26,000. True Wealth Design LLC increased its stake in J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after acquiring an additional 142 shares during the period. BankPlus Trust Department acquired a new position in J.B. Hunt Transport Services in the 4th quarter valued at $34,000. Versant Capital Management Inc grew its holdings in shares of J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after purchasing an additional 142 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after purchasing an additional 61 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBHT has been the subject of several recent analyst reports. Evercore ISI cut their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Stephens reissued an “overweight” rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Barclays upped 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. Wells Fargo & Company decreased their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Stifel Nicolaus dropped their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.11.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $161.19 on Monday. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.61 and a beta of 1.15. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $208.69. The stock has a fifty day simple moving average of $171.22 and a 200 day simple moving average of $174.85.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business earned $1.47 earnings per share. J.B. Hunt Transport Services’s revenue was down 4.5% compared to the same quarter last year. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.44 dividend. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

Insider Transactions at J.B. Hunt Transport Services

In related 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 sale, the executive vice president now owns 700 shares in the company, valued at $127,904. This represents a 17.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the sale, the chief executive officer now owns 82,264 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 10,545 shares of company stock worth $1,898,942 over the last three months. 2.10% of the stock is owned by company insiders.

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.