Paradoxiom Capital L.P. Takes Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Paradoxiom Capital L.P. bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,587 shares of the transportation company's stock, valued at approximately $5,220,000. J.B. Hunt Transport Services comprises 2.2% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its 28th largest position.

Several other hedge funds have also made changes to their positions in JBHT. Barclays PLC grew its position in J.B. Hunt Transport Services by 37.5% in the 3rd quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock worth $40,698,000 after purchasing an additional 64,380 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 98,725 shares of the transportation company's stock worth $17,013,000 after buying an additional 1,737 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in J.B. Hunt Transport Services by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company's stock valued at $878,000 after buying an additional 61 shares in the last quarter. Czech National Bank boosted its position in J.B. Hunt Transport Services by 5.2% in the fourth quarter. Czech National Bank now owns 17,271 shares of the transportation company's stock valued at $2,947,000 after buying an additional 859 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its position in J.B. Hunt Transport Services by 7.4% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,191 shares of the transportation company's stock valued at $374,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Down 1.2%

Shares of NASDAQ:JBHT traded down $1.84 during trading hours on Monday, hitting $146.21. The company's stock had a trading volume of 292,251 shares, compared to its average volume of 981,480. The firm's fifty day moving average price is $139.52 and its 200 day moving average price is $162.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The company has a market capitalization of $14.50 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 1.61 and a beta of 1.33.

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 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 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, research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

Wall Street Analyst Weigh In

A number of research firms have commented on JBHT. Susquehanna set a $140.00 price target on shares of J.B. Hunt Transport Services and gave the company a "neutral" rating in a research report on Wednesday, April 16th. Truist Financial reduced their price target on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating on the stock in a research report on Thursday, April 17th. Stifel Nicolaus set a $150.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and issued a $175.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Finally, Bank of America lifted their target price on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a "buy" rating in a research note on Friday. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Insiders Place Their Bets

In other news, COO Nicholas Hobbs acquired 1,529 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the acquisition, the chief operating officer now owns 91,847 shares of the company's stock, valued at $12,008,995.25. This trade represents a 1.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Darren P. Field sold 1,200 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

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.