Sovereign s Capital Management LLC Invests $760,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Sovereign s Capital Management LLC purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,453 shares of the transportation company’s stock, valued at approximately $760,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in shares of J.B. Hunt Transport Services by 8.0% in the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock worth $140,000 after buying an additional 61 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of J.B. Hunt Transport Services by 18.6% in the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 84 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake 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 purchasing an additional 86 shares in the last quarter. Wahed Invest LLC boosted its stake in shares of J.B. Hunt Transport Services by 4.6% in the 4th quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company’s stock valued at $355,000 after purchasing an additional 91 shares in the last quarter. Finally, Man Group plc boosted its stake in shares of J.B. Hunt Transport Services by 0.9% in the 4th quarter. Man Group plc now owns 11,165 shares of the transportation company’s stock valued at $1,905,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the purchase, the chief operating officer now owns 91,847 shares in the company, valued at $12,008,995.25. This represents a 1.69% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays cut 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. Truist Financial cut their price objective on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. TD Cowen dropped their price target on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus set a $150.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Finally, Raymond James dropped their price target on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $162.00.

J.B. Hunt Transport Services Stock Up 0.1%

Shares of J.B. Hunt Transport Services stock opened at $148.05 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The company has a 50-day moving average of $139.52 and a 200 day moving average of $162.75. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.19%. J.B. Hunt Transport Services’s payout ratio is 31.94%.

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.