Horrell Capital Management Inc. Buys 76 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Horrell Capital Management Inc. boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 56,566 shares of the transportation company’s stock after buying an additional 76 shares during the period. J.B. Hunt Transport Services makes up 2.8% of Horrell Capital Management Inc.’s portfolio, making the stock its 8th largest holding. Horrell Capital Management Inc. owned 0.06% of J.B. Hunt Transport Services worth $9,654,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC boosted its holdings 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 purchasing an additional 142 shares during the period. National Pension Service bought a new stake in J.B. Hunt Transport Services in the 4th quarter valued at about $30,000. BankPlus Trust Department bought a new stake in J.B. Hunt Transport Services in the 4th quarter valued at about $34,000. Versant Capital Management Inc boosted its holdings 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 purchasing an additional 142 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the transaction, the director now directly owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on JBHT. Bank of America cut their price objective on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a report on Monday, March 17th. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. cut their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Raymond James cut their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Finally, Truist Financial began coverage on shares of J.B. Hunt Transport Services in a report on Thursday, March 13th. They set a “hold” rating and a $165.00 price target for the company. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $186.80.

J.B. Hunt Transport Services Trading Up 0.7 %

JBHT opened at $148.55 on Monday. J.B. Hunt Transport Services, Inc. has a twelve month low of $144.34 and a twelve month high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $165.39 and a 200-day moving average of $172.81. The stock has a market cap of $14.86 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 earnings per share. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS 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 21st. Investors of record on Friday, February 7th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 1.18%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

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.