Procyon Advisors LLC Raises Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Procyon Advisors LLC boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 13.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,574 shares of the transportation company’s stock after purchasing an additional 417 shares during the period. Procyon Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp grew its stake in shares of J.B. Hunt Transport Services by 0.9% in the first quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock worth $1,264,000 after acquiring an additional 56 shares during the last quarter. Garrison Asset Management LLC grew its stake in shares of J.B. Hunt Transport Services by 0.4% in the third quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock worth $2,532,000 after acquiring an additional 59 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of J.B. Hunt Transport Services by 0.5% in the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock worth $2,661,000 after acquiring an additional 60 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of J.B. Hunt Transport Services by 26.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after acquiring an additional 62 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 6.0% in the first quarter. Wetherby Asset Management Inc. now owns 1,274 shares of the transportation company’s stock worth $256,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on JBHT. JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. Benchmark reaffirmed a “buy” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, March 13th. StockNews.com downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Robert W. Baird reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Finally, Susquehanna decreased their target price on J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $206.39.

Insider Transactions at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total transaction of $159,689.66. Following the transaction, the senior vice president now directly owns 8,235 shares in the company, valued at $1,744,090.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the completion of the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,432 shares of company stock worth $4,309,687. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded up $0.89 during mid-day trading on Thursday, hitting $196.09. The company’s stock had a trading volume of 68,477 shares, compared to its average volume of 766,387. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $20.26 billion, a P/E ratio of 28.13, a P/E/G ratio of 1.66 and a beta of 1.11. J.B. Hunt Transport Services, Inc. has a twelve month low of $164.39 and a twelve month high of $219.51. The stock’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 posted its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.27). J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.77 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

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

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.