Entropy Technologies LP Has $4.96 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Entropy Technologies LP grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 61.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,963 shares of the transportation company’s stock after purchasing an additional 14,101 shares during the period. Entropy Technologies LP’s holdings in J.B. Hunt Transport Services were worth $4,959,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. AE Wealth Management LLC increased its position in shares of J.B. Hunt Transport Services by 3.2% in the third quarter. AE Wealth Management LLC now owns 125,829 shares of the transportation company’s stock valued at $16,883,000 after acquiring an additional 3,890 shares during the last quarter. Eldred Rock Partners LLC boosted its position in J.B. Hunt Transport Services by 11.9% during the third quarter. Eldred Rock Partners LLC now owns 88,061 shares of the transportation company’s stock valued at $11,815,000 after purchasing an additional 9,345 shares during the last quarter. Machina Capital S.A.S. bought a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $3,627,000. AdvisorShares Investments LLC bought a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $433,000. Finally, Krilogy Financial LLC acquired a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $1,003,000. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JBHT shares. Morgan Stanley upped their price objective on J.B. Hunt Transport Services from $150.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Vertical Research downgraded shares of 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 report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of J.B. Hunt Transport Services in a report on Monday, December 29th. Sanford C. Bernstein upped their price target on shares of J.B. Hunt Transport Services from $158.00 to $195.00 and gave the stock a “market perform” rating in a research report on Friday, January 9th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $214.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $203.00.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, CFO Albert Brad Delco sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $227.25, for a total transaction of $227,250.00. Following the completion of the sale, the chief financial officer owned 6,983 shares of the company’s stock, valued at approximately $1,586,886.75. The trade was a 12.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO John Kuhlow sold 1,000 shares of the stock in a transaction dated 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 directly owned 17,931 shares in the company, valued at approximately $4,046,668.08. This represents a 5.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,945 shares of company stock worth $5,656,495 in the last ninety days. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $201.05 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $19.02 billion, a P/E ratio of 32.74, a P/E/G ratio of 1.71 and a beta of 1.23. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $236.00. The stock has a 50 day moving average of $215.55 and a 200-day moving average of $181.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted 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. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the business earned $1.53 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. J.B. Hunt Transport Services’s dividend payout ratio is 29.32%.

J.B. Hunt Transport Services 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.