Castleark Management LLC Has $38.05 Million Holdings in J. B. Hunt (NASDAQ:JBHT)

Castleark Management LLC increased its position in shares of J. B. Hunt (NASDAQ:JBHT) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330,893 shares of the transportation company’s stock after purchasing an additional 17,018 shares during the period. J. B. Hunt makes up about 1.1% of Castleark Management LLC’s portfolio, making the stock its 15th biggest holding. Castleark Management LLC owned approximately 0.30% of J. B. Hunt worth $38,046,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JBHT. Raymond James Financial Services Advisors Inc. lifted its holdings in J. B. Hunt by 54.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,494 shares of the transportation company’s stock worth $1,055,000 after purchasing an additional 3,366 shares during the last quarter. Sei Investments Co. lifted its holdings in J. B. Hunt by 607.9% during the 3rd quarter. Sei Investments Co. now owns 127,356 shares of the transportation company’s stock worth $14,147,000 after purchasing an additional 109,366 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in J. B. Hunt by 6.3% during the 3rd quarter. New York State Common Retirement Fund now owns 261,500 shares of the transportation company’s stock worth $29,047,000 after purchasing an additional 15,400 shares during the last quarter. Toronto Dominion Bank lifted its holdings in J. B. Hunt by 11.6% during the 3rd quarter. Toronto Dominion Bank now owns 32,489 shares of the transportation company’s stock worth $3,608,000 after purchasing an additional 3,388 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in J. B. Hunt during the 3rd quarter worth approximately $1,566,000. 72.18% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on JBHT. BidaskClub cut J. B. Hunt from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Investment Research cut J. B. Hunt from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus initiated coverage on J. B. Hunt in a report on Friday. They issued a “hold” rating and a $119.00 price objective for the company. Deutsche Bank raised J. B. Hunt from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a report on Monday, April 2nd. Finally, Argus initiated coverage on J. B. Hunt in a report on Tuesday, March 20th. They issued a “buy” rating and a $150.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $121.95.

In related news, Director Earl Wayne Garrison sold 21,344 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total transaction of $2,684,861.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $121.00, for a total value of $281,688.00. Following the sale, the director now owns 70,697 shares in the company, valued at approximately $8,554,337. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by insiders.

Shares of J. B. Hunt stock traded down $3.87 during trading on Friday, reaching $109.93. 1,413,974 shares of the company’s stock were exchanged, compared to its average volume of 887,795. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.45. J. B. Hunt has a 1-year low of $83.35 and a 1-year high of $126.49. The stock has a market capitalization of $12,490.06, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 1.70 and a beta of 0.93.

J. B. Hunt (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $2.45. J. B. Hunt had a return on equity of 27.32% and a net margin of 9.55%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. J. B. Hunt’s revenue was up 15.6% on a year-over-year basis. research analysts forecast that J. B. Hunt will post 5.27 earnings per share for the current year.

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J. B. Hunt Company Profile

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.

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

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