J. Goldman & Co LP purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,052 shares of the transportation company’s stock, valued at approximately $2,330,000.
A number of other institutional investors have also recently bought and sold shares of JBHT. CYBER HORNET ETFs LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in J.B. Hunt Transport Services during the fourth quarter worth approximately $32,000. MUFG Securities EMEA plc bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth $34,000. CIBC Private Wealth Group LLC raised its holdings in J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 48 shares in the last quarter. Finally, Activest Wealth Management lifted its position in shares of J.B. Hunt Transport Services by 19,800.0% during the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 198 shares during the period. Institutional investors own 74.95% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on JBHT shares. Evercore restated an “outperform” rating and issued a $248.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Stifel Nicolaus increased their price objective on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Sanford C. Bernstein restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Morgan Stanley reiterated an “underweight” rating and set a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 6th. Finally, Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $286.30.
J.B. Hunt Transport Services Stock Up 0.9%
JBHT stock opened at $262.18 on Wednesday. The firm has a 50-day moving average price of $277.76 and a 200-day moving average price of $251.92. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $24.62 billion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 1.63 and a beta of 1.30.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company earned $1.31 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.
J.B. Hunt Transport Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 7th. 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 25.50%.
Insider Buying and Selling at J.B. Hunt Transport Services
In other news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the sale, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Keefauver sold 703 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president directly owned 790 shares of the company’s stock, valued at $225,252.70. This represents a 47.09% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.50% of the company’s stock.
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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