Horrell Capital Management Inc. Grows Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Horrell Capital Management Inc. lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,566 shares of the transportation company’s stock after purchasing an additional 76 shares during the period. J.B. Hunt Transport Services accounts for about 2.8% of Horrell Capital Management Inc.’s holdings, making the stock its 8th biggest position. Horrell Capital Management Inc.’s holdings in J.B. Hunt Transport Services were worth $9,654,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JBHT. Thrivent Financial for Lutherans lifted its position in shares of J.B. Hunt Transport Services by 111.1% during the fourth 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 in the last quarter. Paloma Partners Management Co lifted its position in shares of J.B. Hunt Transport Services by 14,254.9% during the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock valued at $32,035,000 after purchasing an additional 184,601 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of J.B. Hunt Transport Services by 155.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after purchasing an additional 134,476 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of J.B. Hunt Transport Services during the third quarter valued at about $15,149,000. Finally, Scopia Capital Management LP bought a new position in shares of J.B. Hunt Transport Services during the third quarter valued at about $12,630,000. 74.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on JBHT shares. Citigroup decreased their price objective on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a report on Friday, January 17th. UBS Group decreased their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a report on Friday, January 17th. Benchmark restated a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Raymond James decreased their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Finally, Stifel Nicolaus decreased their price objective on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $186.80.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $148.55 on Monday. The firm has a 50 day moving average of $165.39 and a 200-day moving average of $172.81. The company has a current ratio of 1.03, a quick ratio of 0.94 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 capitalization of $14.86 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released 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). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business posted $1.47 earnings per share. J.B. Hunt Transport Services’s revenue was down 4.5% compared to the same quarter last year. As a group, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 1.18%. J.B. Hunt Transport Services’s payout ratio is presently 31.65%.

Insider Buying and Selling 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 that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

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.