Avanza Fonder AB Buys Shares of 9,053 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Avanza Fonder AB purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 9,053 shares of the transportation company’s stock, valued at approximately $1,545,000.

Several other hedge funds also recently modified their holdings of JBHT. Dimensional Fund Advisors LP raised its stake in J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after purchasing an additional 193,684 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $16,887,000. Amalgamated Bank raised its position in shares of J.B. Hunt Transport Services by 31.9% during the second 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 last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 26.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,791 shares of the transportation company’s stock valued at $1,407,000 after buying an additional 1,814 shares during the period. Finally, XTX Topco Ltd acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $1,369,000. 74.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on JBHT. The Goldman Sachs Group reduced their price objective on 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. TD Cowen decreased their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research note on Friday. UBS Group reduced their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a report on Friday. Raymond James upped their target price on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Benchmark restated a “buy” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.67.

J.B. Hunt Transport Services Price Performance

JBHT opened at $172.45 on Friday. 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 has a market capitalization of $17.39 billion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. The company’s 50 day simple moving average is $180.08 and its 200-day simple moving average is $173.95. 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 released its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business posted $1.47 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Shelley Simpson sold 6,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Eric Mcgee sold 145 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now directly owns 700 shares in the company, valued at $127,904. The trade was a 17.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,459 shares of company stock valued at $2,136,277. 2.10% of the stock is currently owned by 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.