Twinbeech Capital LP Buys Shares of 2,305 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Twinbeech Capital LP bought a new stake 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 Form 13F filing with the Securities and Exchange Commission. The fund bought 2,305 shares of the transportation company's stock, valued at approximately $393,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Pension Service bought a new stake in J.B. Hunt Transport Services during the 4th quarter valued at $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth $34,000. EverSource Wealth Advisors LLC increased its holdings 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 increased its holdings 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 worth $58,000 after purchasing an additional 86 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 140.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock worth $62,000 after acquiring an additional 212 shares during the last quarter. Institutional investors 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 the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Nicholas Hobbs acquired 1,529 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the acquisition, the chief operating officer now owns 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 disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group reduced their target price on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. TD Cowen lowered their price target on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Susquehanna set a $140.00 price objective on J.B. Hunt Transport Services and gave the company a "neutral" rating in a research note on Wednesday, April 16th. Finally, Raymond James dropped their target price on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $162.00.

J.B. Hunt Transport Services Price Performance

JBHT stock traded down $1.61 during trading on Friday, reaching $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 quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The company's fifty day moving average is $138.67 and its 200-day moving average is $161.19. The company has a market capitalization of $13.63 billion, a P/E ratio of 24.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.44 per share. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.28%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

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.