NewEdge Wealth LLC purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,211 shares of the transportation company’s stock, valued at approximately $430,000.
A number of other large investors have also recently made changes to their positions in JBHT. Root Financial Partners LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth $25,000. Parkside Financial Bank & Trust boosted its holdings in shares of J.B. Hunt Transport Services by 41.5% in the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after acquiring an additional 66 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 52.8% in the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after acquiring an additional 76 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth $31,000. Finally, Sentry Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter worth $32,000. 74.95% of the stock is owned by institutional investors.
Insider Transactions at J.B. Hunt Transport Services
In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the sale, the executive vice president owned 8,696 shares in the company, valued at $2,213,045.04. This trade represents a 31.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James K. Thompson sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $254.28, for a total value of $254,280.00. Following the sale, the director owned 19,559 shares in the company, valued at $4,973,462.52. The trade was a 4.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 8,510 shares of company stock worth $2,110,410. Company insiders own 2.50% of the company’s stock.
J.B. Hunt Transport Services Trading Up 3.0%
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last issued its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the business posted $1.17 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.
J.B. Hunt Transport Services Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.86%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on JBHT. Wells Fargo & Company raised their price target on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Argus set a $285.00 price target on J.B. Hunt Transport Services in a report on Monday, April 20th. Bank of America increased their price objective on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Benchmark increased their price objective on J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Truist Financial increased their price objective on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. One equities 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $228.17.
View Our Latest Report on JBHT
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.
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