Polianta Ltd bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) during the first quarter, HoldingsChannel.com reports. The firm bought 6,800 shares of the transportation company’s stock, valued at approximately $1,440,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $32,000. Whittier Trust Co. grew its holdings in J.B. Hunt Transport Services by 39.1% during the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 50 shares during the period. CIBC Private Wealth Group LLC grew its holdings in J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares during the period. Activest Wealth Management grew its holdings in J.B. Hunt Transport Services by 19,800.0% during the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 198 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. 74.95% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
JBHT has been the topic of several analyst reports. Truist Financial increased their target price on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Wells Fargo & Company upped their price objective on shares of J.B. Hunt Transport Services from $250.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. TD Cowen upped their price objective on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Evercore reaffirmed an “outperform” rating and set a $248.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $236.17.
J.B. Hunt Transport Services Price Performance
J.B. Hunt Transport Services stock opened at $271.22 on Friday. The company has a 50 day moving average of $258.66 and a 200-day moving average of $226.02. 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, Inc. has a twelve month low of $130.12 and a twelve month high of $293.54. The stock has a market capitalization of $25.58 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 2.02 and a beta of 1.30.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 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, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.
Insider Activity at J.B. Hunt Transport Services
In related news, COO Nicholas Hobbs sold 1,272 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total value of $318,954.00. Following the sale, the chief operating officer owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. This trade represents a 1.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the sale, the executive vice president 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 valued at $4,736,095 over the last ninety days. Company insiders own 2.50% of the company’s stock.
About J.B. Hunt Transport Services
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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