J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Holdings Raised by Waterloo Capital L.P.

Waterloo Capital L.P. grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 70.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,262 shares of the transportation company’s stock after acquiring an additional 2,585 shares during the period. Waterloo Capital L.P.’s holdings in J.B. Hunt Transport Services were worth $1,069,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. National Pension Service purchased a new position in J.B. Hunt Transport Services in the fourth quarter valued at about $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at about $34,000. Versant Capital Management Inc grew its stake in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after buying an additional 134 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 86 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $134.66 on Monday. The firm has a market capitalization of $13.47 billion, a PE ratio of 24.22, a PEG ratio of 1.61 and a beta of 1.27. 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 business’s 50 day moving average is $159.46 and its 200-day moving average is $171.26. J.B. Hunt Transport Services, Inc. has a 1-year low of $127.35 and a 1-year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company 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 company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 earnings per share. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed 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 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. This represents a $1.76 annualized dividend and a dividend yield of 1.31%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.65%.

Analyst Ratings Changes

Several research analysts have recently commented on JBHT shares. Citigroup dropped their price target on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Bank of America lowered their target price on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Benchmark cut their target price on J.B. Hunt Transport Services from $195.00 to $175.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. UBS Group decreased their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, Raymond James cut their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $181.55.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was 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 in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following 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 disclosure for this sale can be found here. Corporate 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.