J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Holdings Lifted by Nomura Holdings Inc.

Nomura Holdings Inc. increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 61.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,309 shares of the transportation company's stock after purchasing an additional 2,412 shares during the quarter. Nomura Holdings Inc.'s holdings in J.B. Hunt Transport Services were worth $1,077,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. National Pension Service purchased a new position in J.B. Hunt Transport Services in the fourth quarter worth $30,000. BankPlus Trust Department purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at $34,000. EverSource Wealth Advisors LLC increased its position 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 valued at $56,000 after buying an additional 134 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after buying an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 140.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock valued at $62,000 after buying an additional 212 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs purchased 1,529 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average cost of $130.75 per share, with a total value of $199,916.75. Following the transaction, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. The trade was a 6.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JBHT. Bank of America raised their price target on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Truist Financial dropped their price target on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. UBS Group dropped their price target on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. TD Cowen dropped their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus set a $150.00 price objective on J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

J.B. Hunt Transport Services Trading Down 1.2%

JBHT traded down $1.61 during midday trading on Friday, hitting $137.42. The company's stock had a trading volume of 793,098 shares, compared to its average volume of 988,579. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm has a market cap of $13.63 billion, a P/E ratio of 24.72, a PEG ratio of 1.61 and a beta of 1.33. The firm has a 50-day moving average price of $138.67 and a two-hundred day moving average price of $161.38. 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 posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations 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, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current 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 issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's payout ratio is currently 31.94%.

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.