Caprock Group LLC Invests $1.79 Million in J.B. Hunt Transport Services, Inc. $JBHT

Caprock Group LLC purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,337 shares of the transportation company’s stock, valued at approximately $1,789,000.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in J.B. Hunt Transport Services in the third quarter valued at about $25,000. Cromwell Holdings LLC grew its holdings in shares of 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 worth $28,000 after purchasing an additional 71 shares during the last quarter. Private Trust Co. NA increased its stake 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 buying an additional 74 shares during the period. Parkside Financial Bank & Trust raised its holdings in J.B. Hunt Transport Services by 41.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after buying an additional 66 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in J.B. Hunt Transport Services by 52.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $221.76 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83. The business has a 50-day simple moving average of $205.53 and a two-hundred day simple moving average of $170.65. The company has a market capitalization of $21.12 billion, a P/E ratio of 36.12, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $234.82.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.53 EPS. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, February 6th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. J.B. Hunt Transport Services’s payout ratio is presently 29.32%.

J.B. Hunt Transport Services declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on JBHT shares. Evercore set a $222.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft set a $227.00 target price on J.B. Hunt Transport Services in a research report on Thursday, December 11th. BMO Capital Markets reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Friday, January 16th. Barclays raised their price objective on J.B. Hunt Transport Services from $150.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Finally, Wells Fargo & Company upped their target price on J.B. Hunt Transport Services from $170.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $200.05.

Insider Activity

In related news, insider Bradley W. Hicks sold 4,028 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total transaction of $906,823.64. Following the completion of the transaction, the insider owned 30,395 shares of the company’s stock, valued at approximately $6,842,826.35. The trade was a 11.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Albert Brad Delco sold 1,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $227.25, for a total value of $227,250.00. Following the transaction, the chief financial officer owned 6,983 shares of the company’s stock, valued at approximately $1,586,886.75. The trade was a 12.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 32,316 shares of company stock valued at $6,727,749. 2.30% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Profile

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.