Eldred Rock Partners LLC Acquires Shares of 82,896 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Eldred Rock Partners LLC purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 82,896 shares of the transportation company's stock, valued at approximately $12,208,000. J.B. Hunt Transport Services comprises about 3.8% of Eldred Rock Partners LLC's holdings, making the stock its 9th biggest holding. Eldred Rock Partners LLC owned approximately 0.08% of J.B. Hunt Transport Services as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC increased its position in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after purchasing an additional 86 shares during the last quarter. LPL Financial LLC increased its position in shares of J.B. Hunt Transport Services by 56.7% during the 4th quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock valued at $11,810,000 after purchasing an additional 25,034 shares during the last quarter. Keybank National Association OH purchased a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at $255,000. Proficio Capital Partners LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at $7,815,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of J.B. Hunt Transport Services by 56.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,394 shares of the transportation company's stock valued at $1,433,000 after purchasing an additional 3,041 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of JBHT traded down $0.27 during trading hours on Thursday, reaching $139.84. 192,384 shares of the company's stock traded hands, compared to its average volume of 989,084. The stock has a market cap of $13.87 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm's 50 day simple moving average is $137.05 and its 200-day simple moving average is $158.79. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

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

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.44 per share. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.26%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

Insider Activity

In other news, COO Nicholas Hobbs bought 1,529 shares of the company'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 transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $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. Corporate insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JBHT. TD Cowen decreased their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Citigroup decreased their target price on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Susquehanna set a $140.00 target price on J.B. Hunt Transport Services and gave the company a "neutral" rating in a research report on Wednesday, April 16th. Barclays decreased their price objective on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Finally, Truist Financial decreased 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 report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $161.90.

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.