CoreFirst Bank & Trust Invests $107,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

CoreFirst Bank & Trust acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 626 shares of the transportation company’s stock, valued at approximately $107,000.

A number of other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC increased its position in shares of J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 142 shares during the last quarter. National Pension Service bought a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at $30,000. BankPlus Trust Department bought a new position in J.B. Hunt Transport Services in the 4th quarter worth $34,000. Versant Capital Management Inc lifted its position in J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after buying an additional 134 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on JBHT. TD Cowen decreased their target price on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. Truist Financial initiated coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, March 13th. They set a “hold” rating and a $165.00 target price on the stock. Stifel Nicolaus lowered their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. Citigroup cut their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $186.80.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $149.95 on Wednesday. The firm has a market capitalization of $15.00 billion, a PE ratio of 26.97, a PEG ratio of 1.61 and a beta of 1.16. The stock’s fifty day moving average is $164.22 and its 200 day moving average is $172.56. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $144.34 and a fifty-two week high of $200.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the company posted $1.47 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.44 per share. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.17%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

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.