J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Washington Capital Management Inc.

Washington Capital Management Inc. grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 20.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,200 shares of the transportation company’s stock after acquiring an additional 700 shares during the period. Washington Capital Management Inc.’s holdings in J.B. Hunt Transport Services were worth $621,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of JBHT. National Pension Service acquired a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth about $30,000. BankPlus Trust Department acquired a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth about $34,000. EverSource Wealth Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after acquiring an additional 134 shares during the period. Smartleaf Asset Management LLC raised its position in shares of J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after acquiring an additional 86 shares during the period. Finally, Catalyst Capital Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 140.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company’s stock worth $62,000 after acquiring an additional 212 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

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

In other news, COO Nicholas Hobbs purchased 1,529 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the purchase, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Up 0.8%

JBHT stock opened at $140.21 on Friday. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 1.61 and a beta of 1.30. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The firm has a 50-day moving average of $136.68 and a two-hundred day moving average of $158.04.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate 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, analysts forecast 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 was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.26%. J.B. Hunt Transport Services’s payout ratio is 31.94%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial decreased 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 report on Thursday, April 17th. TD Cowen reduced 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. JPMorgan Chase & Co. reduced their price target on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Susquehanna set a $140.00 price target on shares of J.B. Hunt Transport Services and gave the stock a “neutral” rating in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus set a $150.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average price target of $161.90.

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.