Horrell Capital Management Inc. Buys 114 Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT)

Horrell Capital Management Inc. lifted its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,521 shares of the transportation company’s stock after purchasing an additional 114 shares during the quarter. J B Hunt Transport Services accounts for 3.0% of Horrell Capital Management Inc.’s holdings, making the stock its 5th biggest holding. Horrell Capital Management Inc.’s holdings in J B Hunt Transport Services were worth $6,183,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. CSat Investment Advisory L.P. grew its stake in J B Hunt Transport Services by 99.1% in the second quarter. CSat Investment Advisory L.P. now owns 639 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 318 shares during the period. North Star Investment Management Corp. purchased a new position in shares of J B Hunt Transport Services in the 3rd quarter worth about $111,000. Bridger Capital Management LLC purchased a new position in shares of J B Hunt Transport Services in the 3rd quarter worth about $173,000. Quest Capital Management Inc. ADV purchased a new position in shares of J B Hunt Transport Services in the 3rd quarter worth about $195,000. Finally, Enlightenment Research LLC purchased a new position in shares of J B Hunt Transport Services in the 3rd quarter worth about $210,000. Institutional investors and hedge funds own 75.35% of the company’s stock.

A number of equities research analysts have recently weighed in on JBHT shares. Susquehanna Bancshares lowered J B Hunt Transport Services from a “positive” rating to a “neutral” rating and lowered their target price for the company from $124.00 to $119.00 in a research note on Tuesday, October 8th. Argus reissued a “hold” rating on shares of J B Hunt Transport Services in a research note on Thursday, October 17th. Cowen reissued a “market perform” rating and issued a $108.00 target price (down previously from $113.00) on shares of J B Hunt Transport Services in a research note on Wednesday, October 16th. Knight Equity lowered J B Hunt Transport Services from a “top pick” rating to a “neutral” rating and lowered their target price for the company from $124.00 to $119.00 in a research note on Tuesday, October 8th. They noted that the move was a valuation call. Finally, Stephens boosted their target price on J B Hunt Transport Services from $124.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $111.56.

JBHT traded up $0.29 during midday trading on Tuesday, reaching $118.79. 99,092 shares of the company’s stock traded hands, compared to its average volume of 748,955. The firm has a fifty day moving average of $115.85 and a two-hundred day moving average of $109.08. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.34 and a beta of 1.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.29 and a quick ratio of 1.29. J B Hunt Transport Services Inc has a 52 week low of $83.64 and a 52 week high of $122.29.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.05). J B Hunt Transport Services had a net margin of 5.46% and a return on equity of 28.45%. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the business posted $1.47 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts forecast that J B Hunt Transport Services Inc will post 5.41 EPS for the current year.

In other news, Director Earl Wayne Garrison sold 100,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $120.22, for a total transaction of $12,022,000.00. Following the sale, the director now directly owns 1,583,354 shares of the company’s stock, valued at $190,350,817.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley W. Hicks sold 1,500 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $116.67, for a total transaction of $175,005.00. Following the sale, the executive vice president now directly owns 16,193 shares in the company, valued at $1,889,237.31. The disclosure for this sale can be found here. Insiders have sold 129,975 shares of company stock worth $15,530,972 over the last three months. Corporate insiders own 3.60% of the company’s stock.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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