AXQ Capital LP Has $577,000 Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

AXQ Capital LP increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 41.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,380 shares of the transportation company’s stock after purchasing an additional 986 shares during the quarter. AXQ Capital LP’s holdings in J.B. Hunt Transport Services were worth $577,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its stake in J.B. Hunt Transport Services by 0.7% in the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock valued at $581,567,000 after acquiring an additional 22,563 shares during the last quarter. State Street Corp lifted its stake in J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after acquiring an additional 19,826 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in J.B. Hunt Transport Services by 111.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock valued at $163,237,000 after acquiring an additional 503,324 shares during the last quarter. Parnassus Investments LLC lifted its stake in J.B. Hunt Transport Services by 4.9% in the fourth quarter. Parnassus Investments LLC now owns 790,038 shares of the transportation company’s stock valued at $134,828,000 after acquiring an additional 37,033 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in J.B. Hunt Transport Services by 1.4% in the third quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company’s stock valued at $110,524,000 after acquiring an additional 8,997 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $148.55 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 12 month low of $144.34 and a 12 month high of $200.40. The firm has a market cap of $14.86 billion, a P/E ratio of 26.72, a P/E/G ratio of 1.61 and a beta of 1.16. The company’s 50-day moving average price is $165.39 and its two-hundred day moving average price is $172.81.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). 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 $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts anticipate 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 business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.44 dividend. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.65%.

Insider Activity

In other news, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

JBHT has been the subject of a number of recent analyst reports. Bank of America cut their price target 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. Stephens reiterated an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Truist Financial assumed 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 target for the company. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a research note on Friday, January 3rd. Finally, Wells Fargo & Company cut their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $186.80.

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.