Barclays PLC Increases Position in J.B. Hunt Transport Services, Inc. $JBHT

Barclays PLC boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 440,868 shares of the transportation company’s stock after acquiring an additional 17,102 shares during the quarter. Barclays PLC owned 0.46% of J.B. Hunt Transport Services worth $59,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in J.B. Hunt Transport Services in the 3rd quarter worth approximately $25,000. Cromwell Holdings LLC grew its position in J.B. Hunt Transport Services by 52.2% during the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 71 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services during the third quarter worth approximately $32,000. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $31,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 52.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays upped their price objective on shares of J.B. Hunt Transport Services from $150.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Vertical Research downgraded shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 price target for the company. in a research note on Thursday, January 8th. Benchmark raised their price objective on J.B. Hunt Transport Services from $212.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Truist Financial lifted their price objective on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. Finally, Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and boosted their target price for the company from $160.00 to $240.00 in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $203.00.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $219.76, for a total transaction of $1,977,840.00. Following the completion of the transaction, the executive vice president owned 10,736 shares of the company’s stock, valued at $2,359,343.36. This represents a 45.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bradley W. Hicks sold 4,028 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $225.13, for a total value of $906,823.64. Following the completion of the sale, the insider owned 30,395 shares of the company’s stock, valued at approximately $6,842,826.35. This trade represents a 11.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 25,945 shares of company stock worth $5,656,495 over the last 90 days. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Trading Up 1.9%

NASDAQ:JBHT opened at $217.46 on Tuesday. The firm has a market capitalization of $20.57 billion, a P/E ratio of 35.42, a P/E/G ratio of 1.73 and a beta of 1.23. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $214.70 and a 200 day moving average of $180.33. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $236.00.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 EPS. On average, research 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 6th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is 29.32%.

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.