8,554 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,554 shares of the transportation company’s stock, valued at approximately $1,369,000.

Several other hedge funds have also bought and sold shares of the stock. Jacobs Levy Equity Management Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 2,722.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after purchasing an additional 525,729 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 buying an additional 193,684 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter worth approximately $19,755,000. FIL Ltd grew its position in J.B. Hunt Transport Services by 15.7% during the fourth quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock valued at $177,336,000 after acquiring an additional 120,202 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $16,887,000. 74.95% of the stock is currently owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In other news, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction on Friday, July 19th. The stock was acquired at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction on Friday, July 19th. The shares were bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the purchase, the director now directly owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Stock Down 3.3 %

Shares of NASDAQ JBHT opened at $169.01 on Friday. The firm has a fifty day simple moving average of $169.07 and a two-hundred day simple moving average of $171.59. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $17.44 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. J.B. Hunt Transport Services’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.81 earnings per share. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s payout ratio is presently 27.30%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a research note on Tuesday, July 23rd. Barclays decreased their price objective on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Benchmark reduced their price target on J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. decreased their price target on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.88.

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.