Moore Capital Management LP Takes Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Moore Capital Management LP purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,675 shares of the transportation company's stock, valued at approximately $1,822,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Pension Service bought a new stake in J.B. Hunt Transport Services in 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 valued at about $34,000. EverSource Wealth Advisors LLC raised 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 purchasing an additional 134 shares during the period. Smartleaf Asset Management LLC raised 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 purchasing an additional 86 shares during the period. Finally, Catalyst Capital Advisors LLC boosted 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 buying an additional 212 shares during the period. Institutional investors own 74.95% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company cut their price objective on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays decreased their target price on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus set a $150.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Finally, Benchmark restated a "buy" rating and set a $175.00 price objective on shares of 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, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and a consensus price target of $162.20.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $148.72 on Tuesday. 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 current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $140.50 and a 200-day moving average price of $163.65. The firm has a market cap 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 (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. As a group, equities research analysts expect 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 business 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. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.18%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

Insider Activity

In other news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Nicholas Hobbs bought 1,529 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer now directly owns 91,847 shares in the company, valued at $12,008,995.25. This 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 currently owned by company insiders.

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.

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