Paradoxiom Capital L.P. Makes New $5.22 Million Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Paradoxiom Capital L.P. purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 30,587 shares of the transportation company’s stock, valued at approximately $5,220,000. J.B. Hunt Transport Services makes up 2.2% of Paradoxiom Capital L.P.’s holdings, making the stock its 28th largest holding.

Other institutional investors have also bought and sold shares of the company. National Pension Service bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at about $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 134 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 86 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 140.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs bought 1,529 shares of the business’s stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the transaction, the chief operating officer now directly owns 91,847 shares of the company’s stock, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, 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. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.9%

Shares of NASDAQ JBHT opened at $147.32 on Wednesday. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.61 and a beta of 1.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The stock’s 50-day simple moving average is $140.20 and its 200-day simple moving average is $163.54.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.02. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.19%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.94%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JBHT. Stifel Nicolaus set a $150.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a “market perform” rating in a research note on Wednesday, April 16th. Barclays decreased their price objective on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a “hold” rating and a $167.00 price objective for the company. Finally, UBS Group decreased their price objective on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.20.

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.