M&T Bank Corp Has $635,000 Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

M&T Bank Corp raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,716 shares of the transportation company’s stock after purchasing an additional 130 shares during the period. M&T Bank Corp’s holdings in J.B. Hunt Transport Services were worth $635,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JBHT. True Wealth Design LLC boosted 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 valued at $26,000 after purchasing an additional 142 shares during the last quarter. National Pension Service acquired a new position in J.B. Hunt Transport Services during the 4th quarter valued at about $30,000. BankPlus Trust Department acquired a new position in J.B. Hunt Transport Services during the 4th quarter valued at about $34,000. Versant Capital Management Inc boosted its stake in 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 valued at $48,000 after purchasing an additional 142 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 86 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JBHT. JPMorgan Chase & Co. cut their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Citigroup dropped their target price on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Raymond James dropped their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a “hold” rating and a $167.00 target price on the stock. Finally, UBS Group dropped their target price on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $189.84.

J.B. Hunt Transport Services Stock Up 0.2 %

J.B. Hunt Transport Services stock opened at $154.45 on Thursday. J.B. Hunt Transport Services, Inc. has a 1-year low of $151.60 and a 1-year high of $202.78. The firm has a market capitalization of $15.45 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 1.61 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm has a 50 day simple moving average of $169.23 and a 200 day simple moving average of $174.04.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. On average, analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.14%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s payout ratio is currently 31.65%.

Insider Activity at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares of the company’s stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

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.