Procyon Advisors LLC Acquires 417 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Procyon Advisors LLC raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 13.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,574 shares of the transportation company’s stock after buying an additional 417 shares during the quarter. Procyon Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $714,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Clear Street Markets LLC raised its holdings in shares of J.B. Hunt Transport Services by 94.0% in the first quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC increased its holdings in J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after buying an additional 87 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in J.B. Hunt Transport Services by 69.1% during the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after buying an additional 85 shares during the last quarter. Operose Advisors LLC purchased a new stake in J.B. Hunt Transport Services during the third quarter worth about $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services during the third quarter worth about $36,000. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT traded up $0.89 during mid-day trading on Thursday, reaching $196.09. The company’s stock had a trading volume of 68,477 shares, compared to its average volume of 766,387. J.B. Hunt Transport Services, Inc. has a 12-month low of $164.39 and a 12-month high of $219.51. The stock has a market cap of $20.26 billion, a P/E ratio of 28.22, a PEG ratio of 1.66 and a beta of 1.11. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $204.16 and its two-hundred day moving average price is $192.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.27). J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the previous year, the company earned $1.92 EPS. J.B. Hunt Transport Services’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.77 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.43 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Thursday, February 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 24.68%.

Analyst Ratings Changes

A number of research firms recently issued reports on JBHT. JPMorgan Chase & Co. decreased their price objective on shares of J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. TD Cowen increased their target price on shares of J.B. Hunt Transport Services from $178.00 to $199.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. BMO Capital Markets upgraded shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $200.00 to $220.00 in a research report on Monday, December 11th. StockNews.com lowered shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Finally, Barclays raised their price objective on shares of J.B. Hunt Transport Services from $210.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $206.39.

Insider Activity

In other news, CFO John Kuhlow sold 3,500 shares of the stock in a transaction that occurred 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 approximately $2,244,381. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John Kuhlow sold 3,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares in the company, valued at approximately $2,244,381. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,432 shares of company stock worth $4,309,687. 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.