Hexagon Capital Partners LLC Decreases Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Hexagon Capital Partners LLC lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 372,221 shares of the transportation company’s stock after selling 23,513 shares during the quarter. J.B. Hunt Transport Services makes up approximately 13.4% of Hexagon Capital Partners LLC’s holdings, making the stock its 2nd biggest holding. Hexagon Capital Partners LLC’s holdings in J.B. Hunt Transport Services were worth $72,338,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JBHT. Global Retirement Partners LLC boosted its position in J.B. Hunt Transport Services by 303.1% in the 4th quarter. Global Retirement Partners LLC now owns 657 shares of the transportation company’s stock valued at $128,000 after buying an additional 494 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at $275,000. Leonteq Securities AG bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at $79,000. ABN Amro Investment Solutions bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at $530,000. Finally, IFP Advisors Inc boosted its position in J.B. Hunt Transport Services by 56.3% in the 4th quarter. IFP Advisors Inc now owns 1,274 shares of the transportation company’s stock valued at $248,000 after buying an additional 459 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $259.23 on Friday. The business’s 50-day moving average price is $229.56 and its two-hundred day moving average price is $210.28. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market cap of $24.45 billion, a PE ratio of 40.13, a P/E/G ratio of 1.96 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $264.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, May 8th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is currently 27.86%.

Insider Activity

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs sold 1,272 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jennifer Boattini sold 2,238 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $232.00, for a total transaction of $519,216.00. Following the completion of the transaction, the senior vice president directly owned 16,650 shares in the company, valued at approximately $3,862,800. The trade was a 11.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 16,154 shares of company stock valued at $4,112,450. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

JBHT has been the topic of several recent research reports. Morgan Stanley raised their target price on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. UBS Group raised their target price on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Wells Fargo & Company raised their target price on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. TD Cowen raised their price target on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. Finally, BMO Capital Markets raised their price target on J.B. Hunt Transport Services from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $228.17.

About J.B. Hunt Transport Services

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.