Nomura Holdings Inc. Purchases New Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Nomura Holdings Inc. purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,632 shares of the transportation company’s stock, valued at approximately $326,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. VisionPoint Advisory Group LLC boosted its holdings in J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares during the period. Operose Advisors LLC bought a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at about $34,000. Neo Ivy Capital Management bought a new stake in J.B. Hunt Transport Services in the 4th quarter valued at about $49,000. Exchange Traded Concepts LLC boosted its holdings in J.B. Hunt Transport Services by 26.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 62 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in J.B. Hunt Transport Services by 505.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 258 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other news, CEO John N. Roberts acquired 6,200 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was bought at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares in the company, valued at approximately $50,565,592.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $156.18 on Friday. The company has a market cap of $16.12 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 1.77 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $163.14 and a 200 day simple moving average of $187.07. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Susquehanna cut their price objective on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. UBS Group cut their price objective on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. JPMorgan Chase & Co. cut their price target on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Finally, Stephens cut their price target on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $192.76.

J.B. Hunt Transport Services 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.