Townsquare Capital LLC Grows Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Townsquare Capital LLC increased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,653 shares of the transportation company’s stock after purchasing an additional 164 shares during the quarter. Townsquare Capital LLC’s holdings in J.B. Hunt Transport Services were worth $282,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JBHT. Wellington Management Group LLP raised its position in shares of J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock valued at $215,610,000 after buying an additional 1,024,295 shares in the last quarter. Norges Bank bought a new stake in J.B. Hunt Transport Services during the fourth quarter worth about $146,618,000. Thrivent Financial for Lutherans increased its position in shares of J.B. Hunt Transport Services by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock valued at $163,237,000 after purchasing an additional 503,324 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in J.B. Hunt Transport Services by 155.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock worth $37,689,000 after buying an additional 134,476 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in J.B. Hunt Transport Services by 5.1% in the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock worth $362,554,000 after buying an additional 104,019 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Trading Down 1.6 %

NASDAQ JBHT opened at $127.12 on Tuesday. The stock’s 50 day moving average is $149.87 and its 200 day moving average is $167.82. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $12.71 billion, a PE ratio of 22.86, a P/E/G ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 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 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.38%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JBHT shares. Bank of America cut their price objective on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, March 17th. UBS Group cut their price target on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Barclays decreased their price objective on J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Truist Financial dropped their target price on J.B. Hunt Transport Services from $165.00 to $130.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Finally, Evercore ISI decreased their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $162.20.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

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.