Maven Securities LTD Takes $1.79 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Maven Securities LTD acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,500 shares of the transportation company's stock, valued at approximately $1,792,000.

A number of other institutional investors and hedge funds have also bought and sold shares of JBHT. National Pension Service purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at $30,000. BankPlus Trust Department bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 68.7% during 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 during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of J.B. Hunt Transport Services by 33.9% during 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 last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in J.B. Hunt Transport Services by 140.4% in the 4th 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 during the period. 74.95% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Nicholas Hobbs bought 1,529 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the purchase, the chief operating officer now owns 91,847 shares of the company's stock, valued at $12,008,995.25. This represents a 1.69% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the transaction, the executive vice president now owns 17,822 shares of the company's stock, valued at $2,881,282.74. This represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Raymond James lowered their price target 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. The Goldman Sachs Group reduced their target price on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Citigroup reduced their target price on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. cut their target price on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Stifel Nicolaus set a $150.00 price target 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $162.20.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $148.72 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $14.75 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The company has a 50 day moving average price of $140.50 and a two-hundred day moving average price of $163.65.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, equities 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is 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.

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