Heritage Trust Co Acquires New Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Heritage Trust Co bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,167 shares of the transportation company's stock, valued at approximately $370,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc purchased a new stake in J.B. Hunt Transport Services in the third quarter valued at about $86,000. MML Investors Services LLC increased its holdings in J.B. Hunt Transport Services by 4.4% in the 3rd quarter. MML Investors Services LLC now owns 4,667 shares of the transportation company's stock worth $804,000 after buying an additional 195 shares during the period. Barclays PLC boosted its holdings in shares of J.B. Hunt Transport Services by 37.5% in the 3rd quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock valued at $40,698,000 after acquiring an additional 64,380 shares during the last quarter. M&T Bank Corp boosted its holdings in J.B. Hunt Transport Services by 7.8% in the third quarter. M&T Bank Corp now owns 3,586 shares of the transportation company's stock valued at $618,000 after purchasing an additional 261 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in J.B. Hunt Transport Services during the third quarter worth about $223,000. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded up $4.83 during trading on Thursday, reaching $129.56. The company had a trading volume of 923,270 shares, compared to its average volume of 950,189. The stock has a market capitalization of $12.96 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The stock has a 50-day moving average price of $152.14 and a two-hundred day moving average price of $168.65. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. 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 (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.44 dividend. 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 yield of 1.36%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

Insider Activity

In other J.B. Hunt Transport Services news, 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 value 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. This represents a 6.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James K. Thompson sold 4,400 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. This represents a 15.74 % 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.

Analysts Set New Price Targets

Several research firms have recently weighed in on JBHT. TD Cowen cut their target price on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday. The Goldman Sachs Group reduced their price target on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Raymond James cut their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Truist Financial decreased their price objective on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating on the stock in a report on Thursday. Finally, Stifel Nicolaus set a $150.00 price target on J.B. Hunt Transport Services in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.24.

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.