Hexagon Capital Partners LLC Increases Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hexagon Capital Partners LLC lifted its holdings 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 disclosure with the Securities & Exchange Commission. The firm 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 comprises approximately 11.0% of Hexagon Capital Partners LLC's portfolio, making the stock its 2nd biggest position. 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.

A number of other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after purchasing an additional 134 shares during the period. 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 period. Intact Investment Management Inc. acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $67,000. Bessemer Group Inc. boosted its holdings 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 worth $97,000 after acquiring an additional 120 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $107,000. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock traded down $3.32 during trading hours on Monday, reaching $149.56. 780,974 shares of the company's stock were exchanged, compared to its average volume of 998,614. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The company has a market capitalization of $14.83 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The business has a fifty day moving average of $141.19 and a two-hundred day moving average of $152.29. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $2.92 billion. As a group, research analysts predict 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. Investors 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 annualized dividend and a yield of 1.18%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

Insider Buying and Selling

In related news, COO Nicholas Hobbs bought 1,529 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were bought at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the transaction, the chief operating officer owned 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. TD Cowen reduced their price objective on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley lowered their price objective 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. Raymond James Financial lowered their price objective on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Bank of America increased their target price on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, UBS Group lowered their target price on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average target price of $163.19.

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.