CoreFirst Bank & Trust Purchases Shares of 626 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

CoreFirst Bank & Trust acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 626 shares of the transportation company’s stock, valued at approximately $107,000.

Other institutional investors have also recently modified their holdings of the company. Arvest Bank Trust Division bought a new stake in J.B. Hunt Transport Services in the third quarter worth $1,578,000. Smartleaf Asset Management LLC increased its holdings in shares of J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after buying an additional 86 shares during the period. State Street Corp boosted its holdings in J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after acquiring an additional 19,826 shares during the period. Charles Schwab Investment Management Inc. grew its position in J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after acquiring an additional 12,040 shares during the last quarter. Finally, Abound Wealth Management increased its stake in J.B. Hunt Transport Services by 145,850.0% in the 4th quarter. Abound Wealth Management now owns 2,919 shares of the transportation company’s stock worth $498,000 after purchasing an additional 2,917 shares during the period. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $149.95 on Wednesday. J.B. Hunt Transport Services, Inc. has a twelve month low of $144.34 and a twelve month high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $15.00 billion, a P/E ratio of 26.97, a PEG ratio of 1.61 and a beta of 1.16. The stock’s 50 day moving average is $164.22 and its 200 day moving average is $172.56.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 earnings per share. On average, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 1.17%. J.B. Hunt Transport Services’s payout ratio is 31.65%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

JBHT has been the topic of several recent analyst reports. Benchmark restated a “buy” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Evercore ISI decreased their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Citigroup lowered their price objective on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research note on Friday, January 17th. UBS Group cut their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Finally, Truist Financial started coverage on J.B. Hunt Transport Services in a research report on Thursday, March 13th. They set a “hold” rating and a $165.00 price target for the company. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $186.80.

J.B. Hunt Transport Services Company Profile

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.