Procyon Advisors LLC Grows Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Procyon Advisors LLC lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,574 shares of the transportation company’s stock after purchasing an additional 417 shares during the period. Procyon Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBHT. Clear Street Markets LLC boosted its holdings in J.B. Hunt Transport Services by 94.0% in the first quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 78 shares during the period. VisionPoint Advisory Group LLC lifted its holdings in J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after buying an additional 87 shares during the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 69.1% in the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $36,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Up 0.5 %

Shares of J.B. Hunt Transport Services stock traded up $0.89 during trading hours on Thursday, hitting $196.09. 68,477 shares of the company’s stock traded hands, compared to its average volume of 766,387. The company has a market cap of $20.26 billion, a PE ratio of 28.22, a PEG ratio of 1.66 and a beta of 1.11. J.B. Hunt Transport Services, Inc. has a twelve month low of $164.39 and a twelve month high of $219.51. The stock has a 50 day simple moving average of $204.16 and a 200-day simple moving average of $192.98. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the business posted $1.92 earnings per share. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.77 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.88%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 24.68%.

Analyst Upgrades and Downgrades

JBHT has been the subject of several research reports. Stifel Nicolaus reissued a “hold” rating and issued a $188.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. BMO Capital Markets upgraded J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $200.00 to $220.00 in a research report on Monday, December 11th. Susquehanna lowered their price target on J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Monday. StockNews.com cut J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Finally, TD Cowen increased their target price on J.B. Hunt Transport Services from $178.00 to $199.00 and gave the company a “market perform” rating in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $206.39.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer bought 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Brian Webb sold 900 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $208.54, for a total transaction of $187,686.00. Following the sale, the executive vice president now owns 15,032 shares of the company’s stock, valued at $3,134,773.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was acquired at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Insiders have sold 20,432 shares of company stock valued at $4,309,687 over the last quarter. Insiders own 2.10% of the company’s stock.

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.