Jackson Square Capital LLC Invests $2.89 Million in J.B. Hunt Transport Services, Inc. $JBHT

Jackson Square Capital LLC purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,853 shares of the transportation company’s stock, valued at approximately $2,887,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of J.B. Hunt Transport Services in the third quarter worth approximately $25,000. Cromwell Holdings LLC raised its holdings in shares of J.B. Hunt Transport Services by 52.2% in the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock worth $28,000 after buying an additional 71 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of J.B. Hunt Transport Services in the third quarter worth approximately $32,000. CYBER HORNET ETFs LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth approximately $31,000. Finally, Hantz Financial Services Inc. increased its holdings 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 purchasing an additional 76 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Up 3.2%

Shares of NASDAQ JBHT opened at $224.63 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $21.25 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22. The stock’s fifty day simple moving average is $216.60 and its two-hundred day simple moving average is $190.29. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $236.00.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.10 billion. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 EPS. As a group, 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 business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were given a dividend of $0.45 per share. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 annualized dividend and a yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is 29.32%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Sanford C. Bernstein raised their price objective on J.B. Hunt Transport Services from $158.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. TD Cowen restated a “hold” rating on shares of J.B. Hunt Transport Services in a report on Monday, January 12th. Bank of America reduced their price objective on J.B. Hunt Transport Services from $228.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, March 20th. UBS Group raised their price objective on J.B. Hunt Transport Services from $174.00 to $196.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Finally, Benchmark raised their price objective on J.B. Hunt Transport Services from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.91.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Ronald Greer Woodruff sold 331 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $225.57, for a total transaction of $74,663.67. Following the sale, the executive vice president owned 4,019 shares of the company’s stock, valued at approximately $906,565.83. This trade represents a 7.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Albert Brad Delco sold 1,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $227.25, for a total value of $227,250.00. Following the sale, the chief financial officer directly owned 6,983 shares in the company, valued at $1,586,886.75. This trade represents a 12.53% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 25,945 shares of company stock worth $5,656,495. 2.50% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Company 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.