Beese Fulmer Investment Management Inc. purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,087 shares of the transportation company’s stock, valued at approximately $406,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Millennium Capital Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $997,000. Canada Post Corp Registered Pension Plan raised its position in shares of J.B. Hunt Transport Services by 63.8% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 1,926 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 750 shares during the period. Stephens Investment Management Group LLC raised its position in shares of J.B. Hunt Transport Services by 0.6% in the fourth quarter. Stephens Investment Management Group LLC now owns 198,976 shares of the transportation company’s stock valued at $38,669,000 after purchasing an additional 1,158 shares during the period. AlphaCore Capital LLC bought a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $311,000. Finally, Bessemer Group Inc. raised its stake in shares of J.B. Hunt Transport Services by 75,567.4% during the 4th quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock valued at $195,580,000 after purchasing an additional 1,005,047 shares during the period. Institutional investors own 74.95% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on JBHT shares. Argus set a $285.00 price objective on J.B. Hunt Transport Services in a research note on Monday, April 20th. Morgan Stanley boosted their price objective on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. UBS Group upped their target price on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Stifel Nicolaus upped their target price on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, April 2nd. Finally, Bank of America upped their target price on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $228.17.
Insider Activity at J.B. Hunt Transport Services
In other news, COO Nicholas Hobbs sold 1,272 shares of the stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at $23,002,802. This represents a 1.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James K. Thompson sold 1,000 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total transaction of $254,280.00. Following the completion of the transaction, the director directly owned 19,559 shares in the company, valued at $4,973,462.52. The trade was a 4.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,510 shares of company stock worth $2,110,410 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.
J.B. Hunt Transport Services Price Performance
Shares of NASDAQ JBHT opened at $262.21 on Monday. The firm has a market capitalization of $24.73 billion, a P/E ratio of 40.59, a P/E/G ratio of 1.95 and a beta of 1.28. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock’s 50-day simple moving average is $226.22 and its two-hundred day simple moving average is $207.68. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $263.24.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last announced its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 EPS. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.
J.B. Hunt Transport Services Profile
J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.
In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.
Featured Stories
- Five stocks we like better than J.B. Hunt Transport Services
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
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 – Free Report).
Receive News & Ratings for J.B. Hunt Transport Services 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 and related companies with MarketBeat.com's FREE daily email newsletter.
