Sivia Capital Partners LLC Grows Position in J.B. Hunt Transport Services, Inc. $JBHT

Sivia Capital Partners LLC grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 69.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,381 shares of the transportation company’s stock after acquiring an additional 2,626 shares during the quarter. Sivia Capital Partners LLC’s holdings in J.B. Hunt Transport Services were worth $856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Private Trust Co. NA grew its holdings in shares of J.B. Hunt Transport Services by 57.8% in the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in J.B. Hunt Transport Services during the second quarter valued at $31,000. Assetmark Inc. lifted its position in J.B. Hunt Transport Services by 418.6% during the second quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 180 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth $34,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after buying an additional 88 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $197.41 on Tuesday. The stock has a 50 day moving average price of $178.78 and a 200 day moving average price of $156.11. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $204.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $18.80 billion, a P/E ratio of 34.21, a P/E/G ratio of 1.99 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 earnings per share. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 30.50%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 1,588 shares of J.B. Hunt Transport Services stock in a transaction on Monday, December 8th. The stock was sold at an average price of $189.29, for a total transaction of $300,592.52. Following the completion of the sale, the executive vice president directly owned 550 shares of the company’s stock, valued at $104,109.50. The trade was a 74.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Albert Brad Delco sold 1,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $179.54, for a total value of $179,540.00. Following the transaction, the chief financial officer directly owned 7,043 shares in the company, valued at $1,264,500.22. The trade was a 12.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 15,109 shares of company stock valued at $2,688,970. 2.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Morgan Stanley increased their price target on shares of J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. JPMorgan Chase & Co. raised their price objective on J.B. Hunt Transport Services from $170.00 to $176.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Citigroup dropped their target price on J.B. Hunt Transport Services from $170.00 to $163.00 and set a “buy” rating for the company in a report on Monday, October 13th. Stifel Nicolaus increased their price target on J.B. Hunt Transport Services from $147.00 to $172.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Finally, Stephens restated an “overweight” rating and issued a $180.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.30.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.