7,504 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Purchased by Nixon Capital LLC

Nixon Capital LLC acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,504 shares of the transportation company's stock, valued at approximately $1,312,000. J.B. Hunt Transport Services accounts for 0.4% of Nixon Capital LLC's portfolio, making the stock its 25th biggest holding.

Several other institutional investors have also recently made changes to their positions in the business. National Pension Service acquired a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $30,000. BankPlus Trust Department acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at $34,000. Versant Capital Management Inc boosted its holdings in J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock worth $48,000 after buying an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 68.7% during 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew 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 buying an additional 86 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Down 1.1 %

NASDAQ JBHT traded down $1.46 on Friday, reaching $132.88. 1,976,773 shares of the company were exchanged, compared to its average volume of 938,134. 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 fifty day moving average price is $154.30 and its 200 day moving average price is $169.45. The stock has a market capitalization of $13.29 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $127.05 and a fifty-two week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (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 analysts' expectations of $3.13 billion. During the same period in the prior year, the company posted $1.47 EPS. The company's revenue for the quarter was down 4.5% compared to the same quarter last year. Analysts forecast 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 declared 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. The ex-dividend date was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 31.65%.

Insider Activity

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the company's 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 transaction, the director now owns 23,559 shares of the company's stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Analyst Ratings Changes

JBHT has been the topic of several recent analyst reports. Truist Financial began coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, March 13th. They set a "hold" rating and a $165.00 target price on the stock. Citigroup dropped their price objective on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on J.B. Hunt Transport Services in a research note on Friday, March 7th. They set a "hold" rating and a $167.00 target price for the company. TD Cowen dropped their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating on the stock in a research note on Friday, January 17th. Finally, Evercore ISI reduced their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Nine equities 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, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and a consensus price target of $177.70.

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.