Stevens Capital Management LP Acquires New Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Stevens Capital Management LP acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,511 shares of the transportation company's stock, valued at approximately $429,000.

A number of other institutional investors have also recently made changes to their positions in the business. Arvest Bank Trust Division purchased a new stake in J.B. Hunt Transport Services during the 3rd quarter worth approximately $1,578,000. Smartleaf Asset Management LLC grew its holdings in shares of 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 last quarter. State Street Corp increased its position 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 acquiring an additional 19,826 shares during the period. Charles Schwab Investment Management Inc. raised its stake in J.B. Hunt Transport Services by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock worth $95,419,000 after acquiring an additional 12,040 shares during the last quarter. Finally, Abound Wealth Management lifted its position in J.B. Hunt Transport Services by 145,850.0% during the 4th quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock worth $498,000 after acquiring an additional 2,917 shares during the period. Institutional investors and hedge funds own 74.95% of the company's stock.

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J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $2.07 during midday trading on Tuesday, reaching $149.95. The company had a trading volume of 972,123 shares, compared to its average volume of 876,381. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 12-month low of $144.34 and a 12-month high of $200.40. The company has a market capitalization of $15.00 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.61 and a beta of 1.16. The firm's fifty day simple moving average is $164.22 and its 200-day simple moving average is $172.56.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results 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 return on equity of 14.05% and a net margin of 4.72%. 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 firm earned $1.47 earnings per share. The business's revenue was down 4.5% on a year-over-year basis. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.17%. J.B. Hunt Transport Services's dividend payout ratio is presently 31.65%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stephens restated an "overweight" rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Truist Financial initiated 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 price objective for the company. JPMorgan Chase & Co. cut their price objective on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a "hold" rating and a $167.00 target price for the company. Finally, Evercore ISI cut their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the 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 $186.80.

Insider Activity

In related news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred 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 approximately $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $771,628.00. Following the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% 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.