Olympiad Research LP Invests $235,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Olympiad Research LP purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,375 shares of the transportation company’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at $26,000. True Wealth Design LLC raised its position in J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after buying an additional 142 shares during the last quarter. Versant Capital Management Inc raised its position in J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares during the last quarter. Huntington National Bank raised its position in J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after buying an additional 61 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at $60,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $167.71 on Monday. The business’s 50-day moving average price is $172.42 and its two-hundred day moving average price is $174.94. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $214.39. The stock has a market cap of $16.91 billion, a P/E ratio of 30.16, a PEG ratio of 1.61 and a beta of 1.15. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. The business’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.47 EPS. As a group, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.65%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Citigroup reduced their price objective on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Bank of America upped their price objective on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. UBS Group cut their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research note on Friday, January 17th. TD Cowen cut their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Finally, Stephens reiterated an “overweight” rating and set a $205.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.11.

Insider Activity at J.B. Hunt Transport Services

In related news, CEO Shelley Simpson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the transaction, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were 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 approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,545 shares of company stock valued at $1,898,942. Corporate insiders own 2.10% of the company’s stock.

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.