First Trust Advisors LP raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) by 21.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,146 shares of the transportation company’s stock after acquiring an additional 22,262 shares during the quarter. First Trust Advisors LP’s holdings in J.B. Hunt Transport Services were worth $26,307,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $31,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at $32,000. MUFG Securities EMEA plc bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $34,000. Whittier Trust Co. lifted its stake in shares of J.B. Hunt Transport Services by 39.1% in the 4th 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 last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of 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 purchasing an additional 48 shares during the last quarter. 74.95% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
JBHT has been the topic of several analyst reports. Stephens increased their target price on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Raymond James Financial boosted their price target on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. TD Cowen upped their price target on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Susquehanna set a $345.00 price objective on J.B. Hunt Transport Services in a report on Thursday, July 16th. Finally, Truist Financial raised their price objective on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.
J.B. Hunt Transport Services Stock Performance
NASDAQ:JBHT opened at $277.62 on Wednesday. The firm has a market capitalization of $26.07 billion, a PE ratio of 39.32, a PEG ratio of 1.77 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year 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 firm’s fifty day simple moving average is $279.55 and its 200 day simple moving average is $242.90.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share 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 firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the business earned $1.31 EPS. The business’s revenue was up 19.4% on a year-over-year basis. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.71 EPS for the current year.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.45 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is presently 25.50%.
Insider Buying and Selling at J.B. Hunt Transport Services
In related news, insider Bradley W. Hicks sold 7,644 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the completion of the transaction, the insider owned 23,982 shares of the company’s stock, valued at approximately $6,281,125.62. The trade was a 24.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 4,000 shares of the 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 sale, the executive vice president owned 8,696 shares of the company’s stock, valued at approximately $2,213,045.04. The trade was a 31.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 15,847 shares of company stock worth $4,162,861 in the last ninety days. 2.50% of the stock is owned by insiders.
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.
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