Millennium Capital Advisors LLC Makes New $997,000 Investment in J.B. Hunt Transport Services, Inc. $JBHT

Millennium Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,128 shares of the transportation company’s stock, valued at approximately $997,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBHT. AQR Capital Management LLC boosted its position in J.B. Hunt Transport Services by 411.5% during the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after purchasing an additional 1,447,993 shares during the period. Bessemer Group Inc. boosted its position in J.B. Hunt Transport Services by 75,567.4% during the fourth quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock worth $195,580,000 after purchasing an additional 1,005,047 shares during the period. Qube Research & Technologies Ltd boosted its position in J.B. Hunt Transport Services by 338.0% during the third quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock worth $110,434,000 after purchasing an additional 635,172 shares during the period. JPMorgan Chase & Co. boosted its position in J.B. Hunt Transport Services by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock worth $358,510,000 after purchasing an additional 416,167 shares during the period. Finally, Park Presidio Capital LLC boosted its position in J.B. Hunt Transport Services by 149.5% during the second quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company’s stock worth $96,337,000 after purchasing an additional 401,937 shares during the period. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Up 3.0%

JBHT stock opened at $262.21 on Friday. The company has a market cap of $24.73 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 1.95 and a beta of 1.28. The business has a 50-day simple moving average of $226.22 and a 200 day simple moving average of $207.40. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $263.24. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.J.B. Hunt Transport Services’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is 27.86%.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of research reports. Barclays lifted their target price on J.B. Hunt Transport Services from $200.00 to $235.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Weiss Ratings downgraded J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. TD Cowen lifted their target price on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Bank of America lifted their target price on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, Citigroup lifted their target price on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $228.17.

Insider Buying and Selling

In related news, COO Nicholas Hobbs sold 1,272 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total value of $318,954.00. Following the completion of the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at $23,002,802. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James K. Thompson sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total value of $254,280.00. Following the transaction, the director directly owned 19,559 shares of the company’s stock, valued at approximately $4,973,462.52. The trade was a 4.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,510 shares of company stock worth $2,110,410 in the last ninety days. 2.50% of the stock is owned by company insiders.

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.