J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by Hexagon Capital Partners LLC

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

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after buying an additional 134 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of J.B. Hunt Transport Services by 33.9% in 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. Intact Investment Management Inc. purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $67,000. Bessemer Group Inc. grew its stake in shares of J.B. Hunt Transport Services by 22.4% in the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock valued at $97,000 after purchasing an additional 120 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $107,000. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs purchased 1,529 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the acquisition, the chief operating officer directly owned 91,847 shares in the company, valued at $12,008,995.25. The trade was 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. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company lowered their target price on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Susquehanna reiterated a "neutral" rating and issued a $155.00 target price (up from $140.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, June 24th. Stephens lowered their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. UBS Group lowered their target price on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Baird R W raised J.B. Hunt Transport Services to a "strong-buy" rating in a report on Tuesday, July 1st. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $163.43.

J.B. Hunt Transport Services Price Performance

JBHT stock traded down $1.14 during midday trading on Friday, hitting $151.88. 477,953 shares of the stock were exchanged, compared to its average volume of 999,489. The stock's 50-day moving average price is $140.82 and its 200-day moving average price is $152.54. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.07 and a beta of 1.29. 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 company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. Research analysts predict 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. Stockholders of record on Friday, May 9th were issued a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.16%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

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.