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

Entropy Technologies LP boosted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 801.3% during the first quarter, Holdings Channel reports. The institutional investor owned 43,579 shares of the transportation company’s stock after buying an additional 38,744 shares during the period. Entropy Technologies LP’s holdings in J.B. Hunt Transport Services were worth $9,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of J.B. Hunt Transport Services by 57.9% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,695 shares of the transportation company’s stock valued at $995,000 after acquiring an additional 1,722 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of J.B. Hunt Transport Services by 1.2% in the first quarter. Public Employees Retirement System of Ohio now owns 25,159 shares of the transportation company’s stock worth $5,331,000 after acquiring an additional 304 shares during the last quarter. Compound Planning Inc. boosted its position in shares of J.B. Hunt Transport Services by 12.2% in the first quarter. Compound Planning Inc. now owns 1,628 shares of the transportation company’s stock worth $345,000 after acquiring an additional 177 shares during the last quarter. Inceptionr LLC purchased a new stake in J.B. Hunt Transport Services in the first quarter valued at approximately $781,000. Finally, Bank of Nova Scotia increased its position in J.B. Hunt Transport Services by 45.7% during the first quarter. Bank of Nova Scotia now owns 39,514 shares of the transportation company’s stock worth $8,373,000 after purchasing an additional 12,386 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT opened at $288.30 on Friday. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $299.76. The company has a 50 day moving average of $278.74 and a two-hundred day moving average of $241.57. The company has a market cap of $27.19 billion, a P/E ratio of 40.84, a P/E/G ratio of 1.83 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 EPS. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post 7.71 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total transaction of $516,400.00. Following the transaction, the executive vice president owned 4,604 shares in the company, valued at $1,188,752.80. The trade was a 30.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darren P. Field sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the sale, the executive vice president directly owned 8,696 shares of the company’s stock, valued at $2,213,045.04. The trade was a 31.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,847 shares of company stock valued at $4,162,861 over the last ninety days. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on JBHT shares. Robert W. Baird increased their price target on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Citigroup reissued a “market perform” rating on shares of J.B. Hunt Transport Services in a research note on Monday. Barclays increased their target price on J.B. Hunt Transport Services from $270.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. The Goldman Sachs Group set a $261.00 target price on J.B. Hunt Transport Services in a report on Thursday, July 16th. Finally, Truist Financial boosted their price target on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

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.