Caxton Associates LLP Makes New $1.16 Million Investment in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Caxton Associates LLP has invested in J.B. Hunt Transport Services by acquiring 7,832 shares valued at approximately $1,159,000 during the first quarter.
• Analysts have a generally positive outlook on J.B. Hunt, with an average rating of "Moderate Buy" and a consensus price target of $165.00 following several upgrades from firms like JPMorgan Chase and Citigroup.
• The company recently declared a quarterly dividend of $0.44 per share, representing a 1.2% dividend yield, with a payout ratio of 32.00%.

Caxton Associates LLP purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,832 shares of the transportation company's stock, valued at approximately $1,159,000.

A number of other hedge funds have also modified their holdings of JBHT. Summit Securities Group LLC boosted its position in shares of J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock worth $29,000 after purchasing an additional 196 shares during the period. Allworth Financial LP boosted its position in shares of J.B. Hunt Transport Services by 167.0% in the first quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after purchasing an additional 147 shares during the period. National Pension Service boosted its position in shares of J.B. Hunt Transport Services by 74.9% in the first quarter. National Pension Service now owns 306 shares of the transportation company's stock worth $45,000 after purchasing an additional 131 shares during the period. TD Private Client Wealth LLC boosted its position in shares of J.B. Hunt Transport Services by 49.3% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after purchasing an additional 109 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of J.B. Hunt Transport Services by 34.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company's stock worth $71,000 after purchasing an additional 123 shares during the period. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Trading Down 2.5%

Shares of JBHT traded down $3.52 during midday trading on Friday, hitting $137.93. The stock had a trading volume of 652,734 shares, compared to its average volume of 1,017,997. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The firm has a market cap of $13.35 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 2.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The stock's 50 day moving average is $145.66 and its 200 day moving average is $143.66.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). The firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company's revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 EPS. As a group, analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services's payout ratio is 32.00%.

Insider Activity

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president directly owned 946 shares of the company's stock, valued at $143,763.62. The trade was a 51.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric Mcgee purchased 1,148 shares of the business's stock in a transaction dated Monday, August 4th. The shares were purchased at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president owned 7,397 shares of the company's stock, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley lowered their target price on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Robert W. Baird assumed coverage on shares of J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 target price on the stock. The Goldman Sachs Group set a $164.00 target price on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Raymond James Financial boosted their target price on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Truist Financial boosted their target price on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.00.

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.