OLD Mission Capital LLC Takes Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

OLD Mission Capital LLC bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the fourth quarter, Holdings Channel.com reports. The fund bought 12,018 shares of the transportation company’s stock, valued at approximately $2,051,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in J.B. Hunt Transport Services by 16.0% in the 3rd quarter. FMR LLC now owns 205,413 shares of the transportation company’s stock valued at $35,399,000 after acquiring an additional 28,296 shares in the last quarter. Townsquare Capital LLC bought a new stake in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $257,000. Public Sector Pension Investment Board raised its stake in shares of J.B. Hunt Transport Services by 10.1% in the third quarter. Public Sector Pension Investment Board now owns 3,268 shares of the transportation company’s stock valued at $563,000 after purchasing an additional 300 shares in the last quarter. Centiva Capital LP lifted its position in J.B. Hunt Transport Services by 8.0% in the third quarter. Centiva Capital LP now owns 7,736 shares of the transportation company’s stock worth $1,333,000 after purchasing an additional 575 shares during the period. Finally, Investment Management Corp of Ontario boosted its stake in J.B. Hunt Transport Services by 42.4% during the third quarter. Investment Management Corp of Ontario now owns 2,687 shares of the transportation company’s stock worth $463,000 after buying an additional 800 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Truist Financial started coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, March 13th. They issued a “hold” rating and a $165.00 price objective for the company. Benchmark dropped their price target on shares of J.B. Hunt Transport Services from $195.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday. Stifel Nicolaus decreased their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th. Bank of America dropped their target price on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a report on Monday, March 17th. Finally, Stephens restated an “overweight” rating and set a $205.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $181.55.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $152.78 on Thursday. 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 market capitalization of $15.28 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 1.61 and a beta of 1.16. The firm’s 50 day moving average is $160.85 and its 200-day moving average is $171.70. J.B. Hunt Transport Services, Inc. has a 1 year low of $144.34 and a 1 year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.47 earnings per share. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.15%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.65%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction 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 directly owns 17,822 shares in the company, 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. Company insiders own 2.30% of the company’s stock.

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.