Wick Capital Partners LLC Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Wick Capital Partners LLC purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,491 shares of the transportation company’s stock, valued at approximately $484,000.

A number of other institutional investors have also modified their holdings of the business. Compound Planning Inc. acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $282,000. Corient Private Wealth LLC boosted its position in J.B. Hunt Transport Services by 19.5% during the 4th quarter. Corient Private Wealth LLC now owns 503,738 shares of the transportation company’s stock valued at $97,896,000 after purchasing an additional 82,084 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in J.B. Hunt Transport Services by 27.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 49,865 shares of the transportation company’s stock valued at $9,691,000 after purchasing an additional 10,753 shares during the period. State of Tennessee Department of Treasury grew its stake in J.B. Hunt Transport Services by 119.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 20,470 shares of the transportation company’s stock worth $4,150,000 after buying an additional 11,140 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in J.B. Hunt Transport Services during the 4th quarter worth $827,000. Institutional investors own 74.95% of the company’s stock.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,000 shares of the company’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 transaction, the executive vice president owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nicholas Hobbs sold 1,272 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the sale, the chief operating officer directly owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,119 shares of company stock valued at $4,736,095 over the last quarter. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JBHT. Raymond James Financial reiterated an “outperform” rating and issued a $240.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 15th. Argus set a $285.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, April 20th. Wall Street Zen raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Truist Financial lifted their price objective 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. Finally, Robert W. Baird boosted their target price on shares of J.B. Hunt Transport Services from $275.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $236.17.

Read Our Latest Research Report on JBHT

J.B. Hunt Transport Services Stock Up 1.5%

JBHT stock opened at $271.22 on Friday. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $293.54. The company has a market capitalization of $25.58 billion, a price-to-earnings ratio of 41.98, a price-to-earnings-growth ratio of 1.99 and a beta of 1.30. The firm’s 50-day moving average is $257.73 and its two-hundred day moving average is $225.70. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 EPS. On average, analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date 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 27.86%.

J.B. Hunt Transport Services Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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