Boothbay Fund Management LLC Raises Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Boothbay Fund Management LLC increased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 31.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,345 shares of the transportation company's stock after acquiring an additional 3,691 shares during the period. Boothbay Fund Management LLC's holdings in J.B. Hunt Transport Services were worth $2,619,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. National Pension Service purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth $30,000. BankPlus Trust Department purchased a new position in J.B. Hunt Transport Services in the fourth quarter worth about $34,000. Versant Capital Management Inc grew its stake in shares of J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock valued at $48,000 after purchasing an additional 142 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after purchasing an additional 134 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted 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 worth $58,000 after purchasing an additional 86 shares during the period. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Price Performance

JBHT stock traded down $0.78 during trading on Thursday, hitting $129.80. 1,770,441 shares of the company's stock traded hands, compared to its average volume of 955,141. The business has a fifty day simple moving average of $144.44 and a 200 day simple moving average of $166.07. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. 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 has a market capitalization of $12.98 billion, a price-to-earnings ratio of 23.35, a P/E/G ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. The business 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, research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS 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 dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Bank of America reduced their target price on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating for the company in a report on Monday, March 17th. Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a report on Friday, March 7th. They set a "hold" rating and a $167.00 price target for the company. TD Cowen decreased their price objective on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Truist Financial cut their price objective on 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. Finally, Susquehanna set a $140.00 target price on shares of J.B. Hunt Transport Services and gave the stock a "neutral" rating in a research note on Wednesday, April 16th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $162.20.

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

In related news, COO Nicholas Hobbs acquired 1,529 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was bought at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the acquisition, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at $12,008,995.25. This represents a 1.69 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the business'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 of the company's stock, valued at approximately $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. 2.30% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Company 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.