GSA Capital Partners LLP Invests $583,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Key Points

• GSA Capital Partners LLP has acquired a stake in J.B. Hunt Transport Services, acquiring 3,939 shares valued at approximately $583,000.
• J.B. Hunt recently reported quarterly earnings with $1.31 EPS, missing analysts' expectations, and a revenue of $2.93 billion.
• The company announced a quarterly dividend of $0.44 per share, indicating an annual yield of 1.3% and a payout ratio of 32.00%.

GSA Capital Partners LLP acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,939 shares of the transportation company's stock, valued at approximately $583,000.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of J.B. Hunt Transport Services by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas bought a new position in J.B. Hunt Transport Services during the first quarter valued at $1,746,000. Bessemer Group Inc. raised its stake in shares of J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock valued at $97,000 after acquiring an additional 120 shares during the period. SG Americas Securities LLC lifted its holdings in shares of J.B. Hunt Transport Services by 179.8% in the 1st quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock worth $590,000 after acquiring an additional 2,564 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of J.B. Hunt Transport Services by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock worth $976,000 after purchasing an additional 494 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 that occurred 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 owned 946 shares in the company, valued at approximately $143,763.62. This represents a 51.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JBHT. Truist Financial raised their price objective on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Citigroup reissued a "buy" rating and set a $170.00 price target (down from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. Sanford C. Bernstein set a $148.00 price objective on J.B. Hunt Transport Services and gave the company a "market perform" rating in a research report on Wednesday, April 16th. Raymond James Financial lifted their target price on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, UBS Group restated a "buy" rating on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $164.90.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded down $3.18 during trading on Thursday, hitting $140.33. The stock had a trading volume of 899,329 shares, compared to its average volume of 1,135,587. The stock has a 50-day simple moving average of $145.39 and a two-hundred day simple moving average of $148.55. The stock has a market capitalization of $13.58 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data 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 return on equity of 14.26% and a net margin of 4.59%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the company earned $1.32 EPS. The firm's revenue was up .0% compared to the same quarter last year. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio is presently 32.00%.

J.B. Hunt Transport Services 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.