Hexagon Capital Partners LLC Acquires 4,879 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hexagon Capital Partners LLC lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 377,721 shares of the transportation company’s stock after acquiring an additional 4,879 shares during the quarter. J.B. Hunt Transport Services comprises approximately 18.2% of Hexagon Capital Partners LLC’s holdings, making the stock its 2nd biggest holding. Hexagon Capital Partners LLC owned approximately 0.37% of J.B. Hunt Transport Services worth $75,446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in JBHT. Drive Wealth Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 3.5% during the fourth quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 57 shares during the last quarter. Garrison Asset Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 0.4% during the third quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock valued at $2,532,000 after purchasing an additional 59 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of J.B. Hunt Transport Services by 26.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 62 shares during the last quarter. Tempus Wealth Planning LLC grew its holdings in shares of J.B. Hunt Transport Services by 1.4% during the fourth quarter. Tempus Wealth Planning LLC now owns 5,628 shares of the transportation company’s stock valued at $1,124,000 after purchasing an additional 76 shares during the last quarter. Finally, Wahed Invest LLC grew its holdings in J.B. Hunt Transport Services by 6.6% in the 3rd quarter. Wahed Invest LLC now owns 1,263 shares of the transportation company’s stock worth $238,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Loop Capital decreased their price objective on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Evercore ISI decreased their price objective on J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. JPMorgan Chase & Co. decreased their price objective on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. UBS Group decreased their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, Stifel Nicolaus decreased their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $194.24.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the transaction, the insider now directly owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the transaction, the insider now directly owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Kuhlow sold 3,500 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the completion of the transaction, the chief financial officer now directly owns 10,537 shares in the company, valued at $2,244,381. The disclosure for this sale can be found here. Insiders have sold a total of 15,454 shares of company stock valued at $3,283,219 in the last three months. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Up 0.3 %

NASDAQ:JBHT traded up $0.41 during trading hours on Tuesday, hitting $162.57. 1,200,812 shares of the stock traded hands, compared to its average volume of 852,341. The firm has a 50 day moving average price of $191.84 and a 200 day moving average price of $191.83. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $160.07 and a fifty-two week high of $219.51. The firm has a market cap of $16.79 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.13 and a beta of 1.11.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.30%.

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.