Hexagon Capital Partners LLC Buys 2,676 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hexagon Capital Partners LLC raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 392,739 shares of the transportation company's stock after buying an additional 2,676 shares during the period. J.B. Hunt Transport Services accounts for 11.0% of Hexagon Capital Partners LLC's investment portfolio, making the stock its 2nd biggest holding. Hexagon Capital Partners LLC owned 0.39% of J.B. Hunt Transport Services worth $58,106,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in shares of J.B. Hunt Transport Services by 0.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock worth $578,572,000 after purchasing an additional 15,476 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of J.B. Hunt Transport Services by 5.1% during the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock valued at $362,554,000 after acquiring an additional 104,019 shares during the period. Geode Capital Management LLC raised its holdings in J.B. Hunt Transport Services by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock worth $340,049,000 after buying an additional 8,968 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 0.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company's stock worth $225,209,000 after buying an additional 8,725 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of J.B. Hunt Transport Services by 428.4% during the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after buying an additional 1,024,295 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Down 2.0%

NASDAQ:JBHT traded down $2.99 during mid-day trading on Monday, hitting $149.90. 194,639 shares of the company's stock were exchanged, compared to its average volume of 996,425. The company has a 50 day simple moving average of $140.82 and a 200-day simple moving average of $152.43. The firm has a market capitalization of $14.87 billion, a P/E ratio of 27.26, a PEG ratio of 2.07 and a beta of 1.29. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 14.07%. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.17%. J.B. Hunt Transport Services's payout ratio is presently 31.94%.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of analyst reports. Morgan Stanley dropped their price target 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. Susquehanna reaffirmed a "neutral" rating and issued a $155.00 target price (up previously from $140.00) on shares of J.B. Hunt Transport Services in a report on Tuesday, June 24th. JPMorgan Chase & Co. cut their price objective on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird began coverage on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They set an "outperform" rating and a $169.00 price target on the stock. Finally, Truist Financial upped their target price on shares of J.B. Hunt Transport Services from $130.00 to $140.00 and gave the stock a "hold" rating in a research note on Monday, June 30th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.19.

Insider Buying and Selling

In related news, COO Nicholas Hobbs acquired 1,529 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were bought at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer directly owned 91,847 shares in the company, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by company insiders.

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.