14,492 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Acquired by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,492 shares of the transportation company's stock, valued at approximately $2,144,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Pension Service purchased a new stake in J.B. Hunt Transport Services during the 4th quarter valued at approximately $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter worth $34,000. EverSource Wealth Advisors LLC grew its stake in J.B. Hunt Transport Services by 68.7% during the fourth 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 in the last quarter. Smartleaf Asset Management LLC grew its stake in J.B. Hunt Transport Services by 33.9% during the fourth 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 in the last quarter. Finally, Catalyst Capital Advisors LLC increased its holdings in 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. Institutional investors own 74.95% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on JBHT. Stifel Nicolaus set a $150.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Truist Financial cut their price target on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Bank of America lifted their price objective on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Raymond James decreased their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.90.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs acquired 1,529 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were bought at an average price of $130.75 per share, with a total value of $199,916.75. Following the transaction, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at $12,008,995.25. The trade was a 1.69% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Trading Up 0.0%

JBHT stock traded up $0.02 during mid-day trading on Thursday, reaching $140.92. 601,054 shares of the stock traded hands, compared to its average volume of 992,896. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The stock has a market capitalization of $13.98 billion, a PE ratio of 25.35, a PEG ratio of 1.61 and a beta of 1.30. 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 business has a 50-day moving average price of $136.76 and a two-hundred day moving average price of $157.39.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.25%. J.B. Hunt Transport Services's dividend payout ratio is 31.94%.

About J.B. Hunt Transport Services

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.