2,527 Shares in J.B. Hunt Transport Services, Inc. $JBHT Purchased by QTR Family Wealth LLC

QTR Family Wealth LLC acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,527 shares of the transportation company’s stock, valued at approximately $339,000.

Other institutional investors have also bought and sold shares of the company. Private Trust Co. NA increased its holdings in shares of J.B. Hunt Transport Services by 57.8% in the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 74 shares during the last quarter. Cromwell Holdings LLC increased its stake in shares of J.B. Hunt Transport Services by 52.2% in the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock worth $28,000 after acquiring an additional 71 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $31,000. Assetmark Inc. boosted its position in shares of J.B. Hunt Transport Services by 418.6% during the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 180 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $34,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Brian Webb sold 796 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $189.11, for a total value of $150,531.56. Following the sale, the executive vice president directly owned 15,697 shares in the company, valued at approximately $2,968,459.67. This trade represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Albert Brad Delco sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $179.54, for a total value of $179,540.00. Following the transaction, the chief financial officer directly owned 7,043 shares of the company’s stock, valued at $1,264,500.22. The trade was a 12.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,109 shares of company stock worth $2,688,970 over the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $203.50 on Wednesday. The business’s fifty day moving average price is $189.67 and its 200 day moving average price is $162.68. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $209.53. The company has a current ratio of 0.83, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $19.38 billion, a PE ratio of 33.14, a P/E/G ratio of 1.66 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services declared that its board has approved a stock repurchase program on Wednesday, October 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have commented on JBHT. Deutsche Bank Aktiengesellschaft set a $227.00 target price on shares of J.B. Hunt Transport Services in a research note on Thursday, December 11th. Robert W. Baird upped their price objective on J.B. Hunt Transport Services from $173.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Vertical Research lowered J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a research report on Thursday, January 8th. Cowen restated a “hold” rating on shares of J.B. Hunt Transport Services in a research report on Monday, January 12th. Finally, Truist Financial increased their price target on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.05.

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.