NEOS Investment Management LLC Purchases Shares of 3,257 J.B. Hunt Transport Services, Inc. $JBHT

NEOS Investment Management LLC purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,257 shares of the transportation company’s stock, valued at approximately $437,000.

Several other institutional investors have also modified their holdings of the company. Root Financial Partners LLC bought a new position in J.B. Hunt Transport Services during the third quarter valued at about $25,000. Private Trust Co. NA lifted its holdings in J.B. Hunt Transport Services by 57.8% in the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 74 shares during the last quarter. Cromwell Holdings LLC boosted its position in shares of J.B. Hunt Transport Services by 52.2% during the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 71 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services during the 3rd quarter valued at about $32,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on JBHT. Argus raised shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Thursday, January 22nd. Truist Financial increased their price objective on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, January 15th. Robert W. Baird raised their price objective on J.B. Hunt Transport Services from $173.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Vertical Research lowered J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a research report on Thursday, January 8th. Finally, TD Cowen reaffirmed a “hold” rating on shares of J.B. Hunt Transport Services in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $203.00.

Insiders Place Their Bets

In related news, insider Bradley W. Hicks sold 4,028 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total transaction of $906,823.64. Following the transaction, the insider directly owned 30,395 shares of the company’s stock, valued at approximately $6,842,826.35. The trade was a 11.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO John Kuhlow sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $225.68, for a total transaction of $225,680.00. Following the completion of the transaction, the chief accounting officer owned 17,931 shares in the company, valued at approximately $4,046,668.08. This represents a 5.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 32,316 shares of company stock valued at $6,727,749 over the last ninety days. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $230.16 on Friday. The company’s fifty day moving average is $208.51 and its two-hundred day moving average is $173.70. The company has a market cap of $21.92 billion, a P/E ratio of 37.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $234.82. The company has a quick ratio of 0.87, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

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

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.