GAMMA Investing LLC Has $175,000 Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

GAMMA Investing LLC grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 23.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,023 shares of the transportation company’s stock after purchasing an additional 192 shares during the quarter. GAMMA Investing LLC’s holdings in J.B. Hunt Transport Services were worth $175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in JBHT. Studio Investment Management LLC raised its position in J.B. Hunt Transport Services by 5.4% during the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock worth $184,000 after acquiring an additional 55 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 2.6% in the 3rd quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock valued at $368,000 after purchasing an additional 55 shares during the period. Empirical Finance LLC lifted its stake in J.B. Hunt Transport Services by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock valued at $492,000 after purchasing an additional 56 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in J.B. Hunt Transport Services by 18.3% during the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after purchasing an additional 60 shares during the period. Finally, Huntington National Bank raised its stake in J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after buying an additional 61 shares during the period. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. The Goldman Sachs Group dropped their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Loop Capital lifted their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Stephens reissued an “overweight” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Evercore ISI boosted their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $192.06.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares of the company’s stock, valued at approximately $127,904. This trade represents a 17.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the sale, the chief executive officer now directly owns 82,264 shares in the company, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock valued at $2,136,277 in the last 90 days. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $177.83 on Thursday. The business has a fifty day simple moving average of $180.96 and a 200 day simple moving average of $172.89. The company has a market cap of $17.93 billion, a P/E ratio of 32.33, a P/E/G ratio of 2.86 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

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

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 31.27%.

About J.B. Hunt Transport Services

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.