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

Waterloo Capital L.P. lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 70.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,262 shares of the transportation company's stock after purchasing 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 filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Arvest Bank Trust Division bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $1,578,000. Smartleaf Asset Management LLC lifted its position in shares of J.B. Hunt Transport Services by 33.9% during the 4th 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 during the period. State Street Corp grew its stake in shares of J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after buying an additional 19,826 shares during the period. Abound Wealth Management raised its position in shares of J.B. Hunt Transport Services by 145,850.0% during the fourth quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock worth $498,000 after purchasing an additional 2,917 shares during the period. Finally, Keybank National Association OH acquired a new position in J.B. Hunt Transport Services during the 4th quarter valued at about $255,000. Institutional investors own 74.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America decreased their price target on J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a "hold" rating and a $167.00 price target on the stock. Barclays reduced their price target on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Truist Financial started coverage on J.B. Hunt Transport Services in a research report on Thursday, March 13th. They set a "hold" rating and a $165.00 price target on the stock. Finally, Susquehanna cut shares of J.B. Hunt Transport Services from a "positive" rating to a "neutral" rating and reduced their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, March 26th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $177.70.

Insider Activity

In other news, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares of the company's stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Trading Down 1.1 %

Shares of NASDAQ:JBHT traded down $1.46 during trading on Friday, reaching $132.88. The company's stock had a trading volume of 1,976,773 shares, compared to its average volume of 938,134. The firm's 50 day simple moving average is $154.30 and its two-hundred day simple moving average is $169.45. 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 $127.05 and a 12 month high of $200.40. The stock has a market capitalization of $13.29 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results 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 return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the firm posted $1.47 earnings per share. J.B. Hunt Transport Services's revenue for the quarter was down 4.5% on a year-over-year basis. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. This is a boost 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 is currently 31.65%.

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.