Caxton Associates LP Invests $578,000 in J.B. Hunt Transport Services, Inc. (JBHT)

Caxton Associates LP acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,200 shares of the transportation company’s stock, valued at approximately $578,000.

Several other hedge funds have also bought and sold shares of JBHT. YorkBridge Wealth Partners LLC raised its position in shares of J.B. Hunt Transport Services by 6.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock worth $102,000 after acquiring an additional 68 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of J.B. Hunt Transport Services by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after buying an additional 43 shares during the period. Paradigm Asset Management Co. LLC grew its stake in shares of J.B. Hunt Transport Services by 3.1% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after buying an additional 50 shares during the period. Commerce Bank acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $200,000. Finally, Parkwood LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $202,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on JBHT shares. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research note on Tuesday, September 19th. Cowen restated a “buy” rating and issued a $102.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. Stifel Nicolaus upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and raised their target price for the company from $91.00 to $125.00 in a research note on Friday, September 29th. KeyCorp restated a “buy” rating and issued a $115.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, September 22nd. Finally, Credit Suisse Group restated a “buy” rating and issued a $114.00 target price (up from $100.00) on shares of J.B. Hunt Transport Services in a research note on Thursday, October 12th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $109.41.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at $111.30 on Tuesday. The stock has a market capitalization of $12,350.00, a PE ratio of 30.57, a price-to-earnings-growth ratio of 2.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.48 and a current ratio of 1.48. J.B. Hunt Transport Services, Inc. has a 12 month low of $83.35 and a 12 month high of $112.99.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. J.B. Hunt Transport Services’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 3.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.83%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 24.53%.

In other J.B. Hunt Transport Services news, EVP Bradley W. Hicks sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $110.33, for a total transaction of $110,330.00. Following the completion of the transaction, the executive vice president now owns 16,690 shares in the company, valued at approximately $1,841,407.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Kuhlow sold 500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $112.55, for a total value of $56,275.00. Following the transaction, the senior vice president now owns 3,499 shares of the company’s stock, valued at approximately $393,812.45. The disclosure for this sale can be found here. Insiders have sold a total of 101,500 shares of company stock valued at $11,095,605 in the last quarter. Company insiders own 4.30% of the company’s stock.

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J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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