Vise Technologies Inc. Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Vise Technologies Inc. acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 4,374 shares of the transportation company’s stock, valued at approximately $1,266,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in J.B. Hunt Transport Services during the second quarter valued at $1,833,602,000. AQR Capital Management LLC grew its holdings in J.B. Hunt Transport Services by 411.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after acquiring an additional 1,447,993 shares during the period. Norges Bank bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth about $200,587,000. Bessemer Group Inc. raised its position in shares of J.B. Hunt Transport Services by 75,567.4% in the 4th quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock worth $195,580,000 after acquiring an additional 1,005,047 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $187,701,000. Institutional investors own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 703 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. This trade represents a 47.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the sale, the executive vice president directly owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JBHT. Wall Street Zen upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Stifel Nicolaus lifted their target price on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Barclays boosted their price target on J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Susquehanna set a $345.00 price objective on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $286.30.

Read Our Latest Analysis on JBHT

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $275.45 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a 50-day moving average of $278.58 and a 200-day moving average of $251.13. The company has a market cap of $25.87 billion, a PE ratio of 39.02, a P/E/G ratio of 1.73 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the company posted $1.31 EPS. The firm’s revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

J.B. Hunt Transport Services 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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