J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is Hexagon Capital Partners LLC’s 2nd Largest Position

Hexagon Capital Partners LLC increased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,243 shares of the transportation company’s stock after buying an additional 1,522 shares during the period. J.B. Hunt Transport Services comprises 16.8% of Hexagon Capital Partners LLC’s portfolio, making the stock its 2nd largest holding. Hexagon Capital Partners LLC owned approximately 0.37% of J.B. Hunt Transport Services worth $75,564,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. VisionPoint Advisory Group LLC increased its stake in shares of J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 87 shares during the last quarter. Neo Ivy Capital Management purchased a new position in J.B. Hunt Transport Services during the fourth quarter worth approximately $49,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of J.B. Hunt Transport Services by 505.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 258 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of J.B. Hunt Transport Services by 26.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after buying an additional 62 shares during the period. Finally, Harbor Investment Advisory LLC increased its holdings in shares of J.B. Hunt Transport Services by 75.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 350 shares of the transportation company’s stock worth $70,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.8 %

J.B. Hunt Transport Services stock traded down $1.32 during midday trading on Monday, hitting $158.68. The stock had a trading volume of 836,313 shares, compared to its average volume of 842,676. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average price of $161.56 and a 200 day moving average price of $185.88. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The stock has a market cap of $16.38 billion, a P/E ratio of 25.40, a P/E/G ratio of 1.82 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.31). The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.48 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insider Activity at J.B. Hunt Transport Services

In related news, CEO John N. Roberts purchased 6,200 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were acquired at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the transaction, the chief executive officer now owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. JPMorgan Chase & Co. dropped their target price on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. UBS Group reduced their price target on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company initiated coverage on shares of J.B. Hunt Transport Services in a research note on Friday, June 7th. They set an “overweight” rating and a $185.00 price objective for the company. Finally, Stifel Nicolaus cut their target price on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.38.

J.B. Hunt Transport Services 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.