Exencial Wealth Advisors LLC Makes New $201,000 Investment in J.B. Hunt Transport Services, Inc. $JBHT

Exencial Wealth Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to its most recent filing with the SEC. The firm purchased 1,400 shares of the transportation company’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of J.B. Hunt Transport Services by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 1,209 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of J.B. Hunt Transport Services during the 1st quarter worth about $1,746,000. Bessemer Group Inc. boosted its position in shares of J.B. Hunt Transport Services by 22.4% during the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock worth $97,000 after purchasing an additional 120 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of J.B. Hunt Transport Services by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after purchasing an additional 494 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of J.B. Hunt Transport Services by 14.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,542 shares of the transportation company’s stock worth $820,000 after purchasing an additional 689 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $165.11 on Friday. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The company’s 50 day moving average price is $143.55 and its two-hundred day moving average price is $142.17. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. The stock has a market cap of $15.98 billion, a P/E ratio of 28.62, a P/E/G ratio of 2.30 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the firm earned $1.49 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, November 7th. J.B. Hunt Transport Services’s payout ratio is 30.50%.

J.B. Hunt Transport Services announced that its board has approved a share repurchase program on Wednesday, October 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently issued reports on JBHT. Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Stifel Nicolaus raised their price target on shares of J.B. Hunt Transport Services from $140.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, October 16th. Morgan Stanley raised their price target on shares of J.B. Hunt Transport Services from $145.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 16th. Barclays raised their price target on shares of J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 16th. Finally, TD Cowen raised their price target on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the company a “hold” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned 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 price target of $166.30.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee purchased 1,148 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $140.76 per share, with a total value of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares of the company’s stock, valued at $1,041,201.72. This trade represents a 18.37% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

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.