Corient Private Wealth LP purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 443,101 shares of the transportation company’s stock, valued at approximately $128,246,000.
A number of other institutional investors have also modified their holdings of the business. Elevation Wealth Partners LLC raised its stake in J.B. Hunt Transport Services by 500.0% during the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after acquiring an additional 125 shares during the period. International Assets Investment Management LLC acquired a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $32,000. CIBC Private Wealth Group LLC boosted its stake in J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 48 shares during the period. Activest Wealth Management grew its holdings in shares of 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 last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $31,000. Institutional investors own 74.95% of the company’s stock.
J.B. Hunt Transport Services Stock Performance
Shares of NASDAQ JBHT opened at $263.64 on Thursday. 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 stock has a 50 day simple moving average of $277.69 and a 200-day simple moving average of $252.19. The company has a market cap of $24.76 billion, a PE ratio of 37.34, a P/E/G ratio of 1.65 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $299.76.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is presently 25.50%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Weiss Ratings upgraded J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Benchmark boosted their price objective on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Wall Street Zen upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. The Goldman Sachs Group set a $261.00 target price on J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Raymond James Financial raised their target price on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $286.30.
Check Out Our Latest Research Report on JBHT
Insiders Place Their Bets
In related news, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Keefauver sold 703 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares of the company’s stock, valued at $225,252.70. This represents a 47.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is currently owned by company 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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