Eisler Capital Management Ltd. Raises Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Eisler Capital Management Ltd. significantly increased its position in J.B. Hunt Transport Services by 196.9% during the 1st quarter, acquiring a total of 123,246 shares worth approximately $18,240,000.
• Analysts have mixed opinions on J.B. Hunt's stock, with target prices ranging up to $180.00, and an average target of $164.90, while the current average rating is "Moderate Buy."
• J.B. Hunt recently posted earnings of $1.31 per share, missing analyst estimates by $0.03, and declared a quarterly dividend of $0.44 with a yield of 1.2%.

Eisler Capital Management Ltd. increased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 196.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,246 shares of the transportation company's stock after purchasing an additional 81,733 shares during the period. J.B. Hunt Transport Services accounts for 0.1% of Eisler Capital Management Ltd.'s portfolio, making the stock its 23rd biggest position. Eisler Capital Management Ltd. owned approximately 0.12% of J.B. Hunt Transport Services worth $18,240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its stake in J.B. Hunt Transport Services by 13.2% in the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock worth $108,000 after purchasing an additional 85 shares during the period. Wahed Invest LLC grew its stake in J.B. Hunt Transport Services by 4.6% in the fourth quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock worth $355,000 after purchasing an additional 91 shares during the period. Man Group plc grew its stake in J.B. Hunt Transport Services by 0.9% in the fourth quarter. Man Group plc now owns 11,165 shares of the transportation company's stock worth $1,905,000 after purchasing an additional 98 shares during the period. Trust Investment Advisors grew its stake in J.B. Hunt Transport Services by 2.3% in the first quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company's stock worth $695,000 after purchasing an additional 104 shares during the period. Finally, TD Private Client Wealth LLC grew its stake 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 acquiring an additional 109 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Up 1.1%

JBHT stock opened at $144.32 on Wednesday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The business's 50-day moving average is $146.22 and its two-hundred day moving average is $145.69. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 2.20 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the company posted $1.32 EPS. The firm's revenue was up .0% compared to the same quarter last year. As a group, analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. J.B. Hunt Transport Services's dividend payout ratio is currently 32.00%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the transaction, the executive vice president owned 946 shares of the company's stock, valued at approximately $143,763.62. This represents a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric Mcgee bought 1,148 shares of the stock in a transaction on Monday, August 4th. The stock was purchased at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares of the company's stock, valued at $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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on JBHT shares. JPMorgan Chase & Co. increased their target price on J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. UBS Group reissued a "buy" rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Wells Fargo & Company reissued an "overweight" rating and issued a $163.00 target price (up from $150.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. The Goldman Sachs Group set a $164.00 target price on J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Finally, Stifel Nicolaus cut their target price on J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating on the stock in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $164.90.

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.

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