Nationwide Fund Advisors raised its position in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,641 shares of the transportation company’s stock after buying an additional 3,729 shares during the period. Nationwide Fund Advisors owned 0.35% of J B Hunt Transport Services worth $35,746,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of J B Hunt Transport Services by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 1,373 shares of the transportation company’s stock worth $133,000 after buying an additional 75 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of J B Hunt Transport Services by 137.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the transportation company’s stock worth $154,000 after buying an additional 1,100 shares in the last quarter. SRB Corp raised its stake in shares of J B Hunt Transport Services by 9.7% in the third quarter. SRB Corp now owns 1,912 shares of the transportation company’s stock worth $155,000 after buying an additional 169 shares in the last quarter. Fred Alger Management Inc. acquired a new stake in shares of J B Hunt Transport Services during the fourth quarter worth $194,000. Finally, Cleararc Capital Inc. acquired a new stake in shares of J B Hunt Transport Services during the fourth quarter worth $207,000. Hedge funds and other institutional investors own 71.47% of the company’s stock.

Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

J B Hunt Transport Services Inc (NASDAQ:JBHT) traded up 1.31% during midday trading on Friday, reaching $90.95. The company’s stock had a trading volume of 1,008,342 shares. J B Hunt Transport Services Inc has a 12-month low of $75.71 and a 12-month high of $102.38. The firm has a 50 day moving average price of $92.79 and a 200-day moving average price of $92.69. The company has a market cap of $10.12 billion, a P/E ratio of 23.87 and a beta of 0.81.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, April 17th. The transportation company reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. J B Hunt Transport Services had a return on equity of 30.96% and a net margin of 6.60%. The company earned $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts predict that J B Hunt Transport Services Inc will post $3.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Shareholders of record on Friday, May 5th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, May 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 1.01%. J B Hunt Transport Services’s dividend payout ratio is currently 24.08%.

WARNING: “J B Hunt Transport Services Inc (JBHT) Stake Raised by Nationwide Fund Advisors” was posted by Financial Market News and is the sole property of of Financial Market News. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.financial-market-news.com/2017/04/21/j-b-hunt-transport-services-inc-jbht-stake-raised-by-nationwide-fund-advisors.html.

A number of equities research analysts have recently weighed in on JBHT shares. Credit Suisse Group AG reiterated a “buy” rating and issued a $103.00 price objective (down from $107.00) on shares of J B Hunt Transport Services in a research report on Friday, March 31st. Barclays PLC lowered J B Hunt Transport Services from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $90.00 to $97.00 in a research report on Monday, January 9th. Stifel Nicolaus cut their price objective on J B Hunt Transport Services from $97.00 to $88.00 and set a “hold” rating on the stock in a research report on Wednesday. Vertical Research started coverage on J B Hunt Transport Services in a research report on Thursday, April 13th. They issued a “hold” rating and a $92.00 price objective on the stock. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $96.00 price objective (down from $100.00) on shares of J B Hunt Transport Services in a research report on Friday, March 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. J B Hunt Transport Services has an average rating of “Buy” and an average target price of $96.00.

In other J B Hunt Transport Services news, SVP John Kuhlow sold 500 shares of J B Hunt Transport Services stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $96.68, for a total transaction of $48,340.00. Following the completion of the sale, the senior vice president now owns 3,999 shares of the company’s stock, valued at approximately $386,623.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.50% of the company’s stock.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

5 Day Chart for NASDAQ:JBHT

Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J B Hunt Transport Services Inc (NASDAQ:JBHT).

Receive News & Ratings for J B Hunt Transport Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services Inc and related companies with MarketBeat.com's FREE daily email newsletter.