MidFirst Bank purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,950 shares of the transportation company’s stock, valued at approximately $379,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at about $31,000. International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $32,000. MUFG Securities EMEA plc bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at about $34,000. Whittier Trust Co. increased its stake in J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after buying an additional 50 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after buying an additional 48 shares during the period. Institutional investors own 74.95% of the company’s stock.
J.B. Hunt Transport Services Price Performance
JBHT stock opened at $271.22 on Friday. The firm has a market cap of $25.58 billion, a PE ratio of 41.98, a P/E/G ratio of 2.02 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $293.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $258.66 and a 200 day simple moving average of $226.02.
J.B. Hunt Transport Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.86%.
Insider Buying and Selling at J.B. Hunt Transport Services
In related news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. The trade was a 47.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Spencer Frazier sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total value of $516,400.00. Following the sale, the executive vice president directly owned 4,604 shares in the company, valued at $1,188,752.80. This trade represents a 30.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 18,119 shares of company stock worth $4,736,095. 2.50% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Raymond James Financial restated an “outperform” rating and set a $240.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 15th. TD Cowen raised their price objective on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Morgan Stanley boosted their target price on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Barclays upped their target price on J.B. Hunt Transport Services from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Finally, Bank of America increased their price target on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $236.17.
Read Our Latest Report on J.B. Hunt Transport Services
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.
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