IFP Advisors Inc Raises Position in J.B. Hunt Transport Services, Inc. $JBHT

IFP Advisors Inc raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 24.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,153 shares of the transportation company’s stock after purchasing an additional 225 shares during the quarter. IFP Advisors Inc’s holdings in J.B. Hunt Transport Services were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of J.B. Hunt Transport Services by 13.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of J.B. Hunt Transport Services during the first quarter valued at approximately $1,746,000. Bessemer Group Inc. increased its position in shares of J.B. Hunt Transport Services by 22.4% during the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock valued at $97,000 after acquiring an additional 120 shares during the last quarter. SG Americas Securities LLC increased its position in shares of J.B. Hunt Transport Services by 179.8% during the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock valued at $590,000 after acquiring an additional 2,564 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of J.B. Hunt Transport Services by 8.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock valued at $976,000 after acquiring an additional 494 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 2.8%

JBHT opened at $164.85 on Friday. The company has a market cap of $15.96 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.68 and a beta of 1.24. The business’s 50-day moving average price is $141.14 and its 200-day moving average price is $141.14. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

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

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.44 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. J.B. Hunt Transport Services’s payout ratio is currently 32.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $140.00 to $147.00 and gave the company a “hold” rating in a report on Thursday. Robert W. Baird raised their price target on J.B. Hunt Transport Services from $164.00 to $173.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial raised their price target on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday. Wells Fargo & Company raised their price target on J.B. Hunt Transport Services from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Truist Financial raised their price target on J.B. Hunt Transport Services from $145.00 to $155.00 and gave the stock a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $165.55.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Eric Mcgee bought 1,148 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average cost of $140.76 per share, with a total value of $161,592.48. Following the completion of the purchase, the executive vice president directly owned 7,397 shares of the company’s stock, valued at $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Keefauver sold 989 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president directly owned 946 shares in the company, valued at $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Company 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.