GAMMA Investing LLC Boosts Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

GAMMA Investing LLC lifted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 13,668.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 140,848 shares of the transportation company's stock after purchasing an additional 139,825 shares during the quarter. GAMMA Investing LLC owned 0.14% of J.B. Hunt Transport Services worth $208,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position in J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after buying an additional 86 shares in the last quarter. LPL Financial LLC grew its position in J.B. Hunt Transport Services by 56.7% during the fourth quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock worth $11,810,000 after buying an additional 25,034 shares in the last quarter. Keybank National Association OH purchased a new position in J.B. Hunt Transport Services during the fourth quarter worth about $255,000. Proficio Capital Partners LLC purchased a new position in J.B. Hunt Transport Services during the fourth quarter worth about $7,815,000. Finally, Robeco Institutional Asset Management B.V. grew its position in J.B. Hunt Transport Services by 56.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,394 shares of the transportation company's stock worth $1,433,000 after buying an additional 3,041 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Trading Down 0.7%

JBHT traded down $0.99 during midday trading on Thursday, reaching $139.12. 684,539 shares of the company's stock traded hands, compared to its average volume of 992,700. The firm has a fifty day moving average of $136.87 and a two-hundred day moving average of $158.48. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 1.61 and a beta of 1.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40.

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

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

Analysts Set New Price Targets

Several equities analysts recently commented on JBHT shares. The Goldman Sachs Group restated a "neutral" rating and set a $164.00 target price on shares of J.B. Hunt Transport Services in a research report on Monday. Truist Financial cut 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. Wells Fargo & Company cut their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Raymond James cut their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, TD Cowen cut their price objective on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $161.90.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of the company's 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 sale, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. This represents a 6.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Nicholas Hobbs purchased 1,529 shares of the business'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 purchase, the chief operating officer now directly owns 91,847 shares in the company, valued at $12,008,995.25. The trade was a 1.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company's stock.

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.