Hexagon Capital Partners LLC Purchases 4,879 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hexagon Capital Partners LLC increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,721 shares of the transportation company’s stock after acquiring an additional 4,879 shares during the period. J.B. Hunt Transport Services comprises 18.2% of Hexagon Capital Partners LLC’s holdings, making the stock its 2nd largest holding. Hexagon Capital Partners LLC’s holdings in J.B. Hunt Transport Services were worth $75,446,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Mather Group LLC. boosted its position in shares of J.B. Hunt Transport Services by 6.5% during the 4th quarter. Mather Group LLC. now owns 2,207 shares of the transportation company’s stock worth $441,000 after acquiring an additional 134 shares in the last quarter. Headlands Technologies LLC acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $203,000. Truist Financial Corp boosted its position in J.B. Hunt Transport Services by 1.7% in the fourth quarter. Truist Financial Corp now owns 16,678 shares of the transportation company’s stock valued at $3,331,000 after buying an additional 285 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in J.B. Hunt Transport Services by 9.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,227 shares of the transportation company’s stock valued at $445,000 after buying an additional 187 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $318,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity

In other J.B. Hunt Transport Services news, CEO John N. Roberts acquired 6,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, April 26th. The stock was purchased at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the acquisition, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO John N. Roberts purchased 6,200 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the acquisition, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Insiders sold 15,454 shares of company stock worth $3,283,219 over the last three months. 2.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Stephens cut their target price on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Evercore ISI dropped their price target on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. JPMorgan Chase & Co. dropped their price target on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. TD Cowen dropped their price target on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus dropped their price target on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.24.

J.B. Hunt Transport Services Stock Up 0.3 %

NASDAQ:JBHT traded up $0.41 during trading hours on Tuesday, reaching $162.57. The company had a trading volume of 1,200,812 shares, compared to its average volume of 852,341. The firm has a market cap of $16.79 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 2.13 and a beta of 1.11. The business’s 50-day simple moving average is $191.84 and its two-hundred day simple moving average is $191.83. J.B. Hunt Transport Services, Inc. has a twelve month low of $160.07 and a twelve month high of $219.51. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

About J.B. Hunt Transport Services

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.