Point72 DIFC Ltd Takes Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Point72 DIFC Ltd bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the third quarter, HoldingsChannel reports. The firm bought 26,552 shares of the transportation company’s stock, valued at approximately $4,576,000.

Several other large investors also recently modified their holdings of JBHT. Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services during the 3rd quarter valued at approximately $26,000. True Wealth Design LLC increased its stake in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after buying an additional 142 shares during the period. Innealta Capital LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $31,000. nVerses Capital LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter worth $36,000. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $185.01 on Wednesday. The company has a market capitalization of $18.65 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 3.01 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $179.41 and a 200 day moving average of $169.86.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the business earned $1.80 earnings per share. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is presently 31.27%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. This trade represents a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the sale, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at $2,321,275. The trade was a 10.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock worth $1,008,962 over the last three months. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Benchmark restated a “buy” rating and issued a $185.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. The Goldman Sachs Group decreased their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Stephens restated an “overweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Susquehanna upped their target price on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, Loop Capital raised their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $190.11.

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.