Y Intercept Hong Kong Ltd bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) during the 1st quarter, HoldingsChannel.com reports. The fund bought 46,346 shares of the transportation company’s stock, valued at approximately $9,821,000.
A number of other large investors also recently added to or reduced their stakes in the business. Focus Partners Advisor Solutions LLC raised its position in J.B. Hunt Transport Services by 114.1% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 13,310 shares of the transportation company’s stock valued at $1,786,000 after purchasing an additional 7,094 shares during the last quarter. American Century Companies Inc. grew its position in shares of J.B. Hunt Transport Services by 12.4% in the 3rd quarter. American Century Companies Inc. now owns 234,471 shares of the transportation company’s stock worth $31,459,000 after buying an additional 25,816 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $539,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of J.B. Hunt Transport Services by 45.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,809 shares of the transportation company’s stock valued at $11,712,000 after buying an additional 17,839 shares during the period. Finally, Korea Investment CORP raised its holdings in shares of J.B. Hunt Transport Services by 88.8% during the third quarter. Korea Investment CORP now owns 133,605 shares of the transportation company’s stock valued at $17,926,000 after acquiring an additional 62,845 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.
J.B. Hunt Transport Services Price Performance
Shares of JBHT stock opened at $285.83 on Friday. The stock has a market cap of $26.95 billion, a price-to-earnings ratio of 44.25, a PEG ratio of 2.16 and a beta of 1.29. The business’s fifty day moving average is $266.67 and its 200 day moving average is $231.94. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $294.98. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.86%.
Insider Buying and Selling
In related news, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the transaction, the executive vice president directly owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 4,000 shares of the business’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 directly owned 8,696 shares in the company, 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 18,119 shares of company stock worth $4,736,095 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on JBHT shares. Raymond James Financial reiterated an “outperform” rating and issued a $240.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. Wells Fargo & Company upped their price objective on shares of J.B. Hunt Transport Services from $250.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Benchmark lifted their target price on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, June 26th. TD Cowen lifted their target price 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. Finally, Truist Financial boosted their price target on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company 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 assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $239.87.
View Our Latest Research Report on J.B. Hunt Transport Services
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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