Twinbeech Capital LP Invests $393,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Twinbeech Capital LP purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,305 shares of the transportation company's stock, valued at approximately $393,000.

A number of other institutional investors have also recently bought and sold shares of the business. Janus Henderson Group PLC boosted its stake in 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 buying an additional 15,476 shares in the last quarter. Invesco Ltd. lifted 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 lifted its holdings in shares of J.B. Hunt Transport Services by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock valued at $340,049,000 after acquiring an additional 8,968 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 0.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company's stock valued at $225,209,000 after acquiring an additional 8,725 shares during the period. Finally, Wellington Management Group LLP lifted 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 valued at $215,610,000 after acquiring an additional 1,024,295 shares during the period. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. This trade represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Nicholas Hobbs purchased 1,529 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This represents a 1.69% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT traded down $0.33 on Wednesday, reaching $139.67. The stock had a trading volume of 102,866 shares, compared to its average volume of 984,514. The company has a market cap of $13.85 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. 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 debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The firm has a fifty day moving average of $138.33 and a two-hundred day moving average of $160.66.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.02. The company had revenue of $2.92 billion for 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 research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JBHT. 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. Citigroup decreased their target price on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group decreased 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 research report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a "hold" rating and a $167.00 price objective for the company. Finally, The Goldman Sachs Group cut their target price on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

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.