Proficio Capital Partners LLC Makes New Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Proficio Capital Partners LLC bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 45,790 shares of the transportation company's stock, valued at approximately $7,815,000.

Other institutional investors also recently made changes to their positions in the company. Paloma Partners Management Co increased its holdings in shares of J.B. Hunt Transport Services by 14,254.9% in the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company's stock worth $32,035,000 after acquiring an additional 184,601 shares during the period. Mizuho Securities USA LLC grew its stake in J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company's stock valued at $25,297,000 after acquiring an additional 149,815 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of J.B. Hunt Transport Services by 155.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company's stock valued at $37,689,000 after acquiring an additional 134,476 shares in the last quarter. Parnassus Investments LLC grew its stake in shares of J.B. Hunt Transport Services by 14.1% in the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock valued at $129,765,000 after buying an additional 93,213 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in J.B. Hunt Transport Services during the third quarter valued at about $15,149,000. 74.95% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of research analyst reports. Stephens reaffirmed an "overweight" rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Truist Financial started coverage on shares of J.B. Hunt Transport Services in a report on Thursday, March 13th. They set a "hold" rating and a $165.00 target price for the company. Benchmark reissued a "buy" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Susquehanna raised J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price target for the company in a research report on Friday, January 3rd. Finally, UBS Group lowered their target price on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $186.80.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT traded down $0.31 during trading hours on Wednesday, hitting $146.82. The company's stock had a trading volume of 1,034,435 shares, compared to its average volume of 872,286. J.B. Hunt Transport Services, Inc. has a twelve month low of $144.87 and a twelve month high of $200.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The stock has a fifty day simple moving average of $167.13 and a 200-day simple moving average of $173.34. The company has a market capitalization of $14.68 billion, a P/E ratio of 26.41, a PEG ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $3.13 billion. During the same period in the prior year, the company earned $1.47 EPS. The business's quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts anticipate 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 firm 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.20%. 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. J.B. Hunt Transport Services's payout ratio is 31.65%.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 1,200 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. The trade was a 6.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James K. Thompson sold 4,400 shares of the 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 in the company, valued at $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 insiders.

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.