NEOS Investment Management LLC Makes New $437,000 Investment in J.B. Hunt Transport Services, Inc. $JBHT

NEOS Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the third quarter, Holdings Channel.com reports. The firm purchased 3,257 shares of the transportation company’s stock, valued at approximately $437,000.

Other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new position in J.B. Hunt Transport Services in the third quarter worth approximately $25,000. Cromwell Holdings LLC grew its position in J.B. Hunt Transport Services by 52.2% in the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock worth $28,000 after acquiring an additional 71 shares in the last quarter. Private Trust Co. NA increased its stake in shares of J.B. Hunt Transport Services by 57.8% during the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after purchasing an additional 74 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after purchasing an additional 66 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of J.B. Hunt Transport Services by 52.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 76 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $230.16 on Friday. The company has a market cap of $21.92 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 1.87 and a beta of 1.27. The business has a 50 day moving average price of $208.51 and a 200 day moving average price of $173.70. The company has a quick ratio of 0.87, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $234.82.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the company earned $1.53 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts predict 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 business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, February 6th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. J.B. Hunt Transport Services’s dividend payout ratio is currently 29.32%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Ronald Greer Woodruff sold 331 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.57, for a total value of $74,663.67. Following the sale, the executive vice president directly owned 4,019 shares in the company, valued at $906,565.83. This trade represents a 7.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO John Kuhlow sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $225.68, for a total transaction of $225,680.00. Following the transaction, the chief accounting officer owned 17,931 shares in the company, valued at approximately $4,046,668.08. The trade was a 5.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 32,316 shares of company stock worth $6,727,749. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein upped their price objective on shares of J.B. Hunt Transport Services from $158.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Truist Financial upped their price target on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Robert W. Baird increased their price objective on J.B. Hunt Transport Services from $173.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Benchmark boosted their target price on J.B. Hunt Transport Services from $212.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. upped their target price on J.B. Hunt Transport Services from $176.00 to $211.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $203.00.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.