Caxton Associates LLP Acquires Shares of 7,832 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 acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,832 shares of the transportation company's stock, valued at approximately $1,159,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC raised its holdings in J.B. Hunt Transport Services by 19,600.0% during the 1st 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 last quarter. Allworth Financial LP raised its holdings in J.B. Hunt Transport Services by 167.0% during the 1st 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 last quarter. National Pension Service raised its holdings in J.B. Hunt Transport Services by 74.9% during the 1st 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 last quarter. TD Private Client Wealth LLC raised its holdings in J.B. Hunt Transport Services by 49.3% during the 1st 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in J.B. Hunt Transport Services by 34.3% during the 1st 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 last quarter. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Down 0.9%

NASDAQ JBHT traded down $1.20 during mid-day trading on Monday, hitting $136.73. The company's stock had a trading volume of 254,923 shares, compared to its average volume of 1,116,378. The company's 50 day simple moving average is $145.66 and its 200 day simple moving average is $143.44. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.12 and a beta of 1.28.

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

J.B. Hunt Transport Services Announces Dividend

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

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

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JBHT. The Goldman Sachs Group set a $164.00 price target on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Truist Financial raised their price target 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. Morgan Stanley reduced their price objective on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Baird R W raised shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.