Point72 Italy S.r.l. 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 and Exchange Commission. The firm acquired 48,399 shares of the transportation company's stock, valued at approximately $8,260,000. J.B. Hunt Transport Services makes up approximately 4.6% of Point72 Italy S.r.l.'s holdings, making the stock its 8th largest position.
A number of other hedge funds 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 about $30,000. BankPlus Trust Department bought a new position in J.B. Hunt Transport Services during the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC grew its holdings in J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after acquiring an additional 134 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after acquiring an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in 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 in the last quarter. Institutional investors own 74.95% of the company's stock.
J.B. Hunt Transport Services Price Performance
JBHT traded down $0.86 on Tuesday, hitting $145.38. 362,523 shares of the company's stock were exchanged, compared to its average volume of 981,031. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week 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 firm has a 50-day moving average price of $139.36 and a 200-day moving average price of $162.50. The stock has a market cap of $14.42 billion, a price-to-earnings ratio of 26.13, 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 announced 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. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.
J.B. Hunt Transport Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.21%. 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 analysts have recently issued reports on JBHT shares. Susquehanna set a $140.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a "neutral" rating in a research report on Wednesday, April 16th. Stifel Nicolaus set a $150.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a "market perform" rating in a research report on Wednesday, April 16th. Truist Financial cut their price objective 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. Finally, Wells Fargo & Company decreased 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. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $162.00.
View Our Latest Report on J.B. Hunt Transport Services
Insider Buying and Selling at J.B. Hunt Transport Services
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 sale, the executive vice president now owns 17,822 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Nicholas Hobbs purchased 1,529 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was bought at an average price 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 $12,008,995.25. The trade was 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 corporate insiders.
About J.B. Hunt Transport Services
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Free Report)
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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