Caxton Associates LLP Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Caxton Associates LLP acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,832 shares of the transportation company’s stock, valued at approximately $1,159,000.

Other hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC lifted its position in J.B. Hunt Transport Services by 19,600.0% during the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock worth $29,000 after acquiring an additional 196 shares during the last quarter. Allworth Financial LP raised its position in shares of J.B. Hunt Transport Services by 167.0% in the first quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock valued at $35,000 after buying an additional 147 shares in the last quarter. National Pension Service raised its position in shares of J.B. Hunt Transport Services by 74.9% in the first quarter. National Pension Service now owns 306 shares of the transportation company’s stock valued at $45,000 after buying an additional 131 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of J.B. Hunt Transport Services by 49.3% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock valued at $49,000 after buying an additional 109 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of J.B. Hunt Transport Services by 34.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company’s stock valued at $71,000 after buying an additional 123 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of analyst reports. Citigroup reiterated a “buy” rating and issued a $170.00 price target (down from $175.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price target on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Barclays lifted their price target on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Susquehanna lifted their price target on shares of J.B. Hunt Transport Services from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group set a $164.00 price target on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $165.00.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the sale, the executive vice president owned 946 shares of the company’s stock, valued at approximately $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eric Mcgee bought 1,148 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were bought at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their position. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $141.00 on Wednesday. The company’s 50 day simple moving average is $146.47 and its 200 day simple moving average is $144.01. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $1.32 earnings per share. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services’s payout ratio is presently 32.00%.

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.