4,876 Shares in J.B. Hunt Transport Services, Inc. $JBHT Bought by Cibc World Market Inc.

Cibc World Market Inc. bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,876 shares of the transportation company’s stock, valued at approximately $1,411,000.

A number of other large investors have also added to or reduced their stakes in JBHT. Summitry LLC increased its position in shares of J.B. Hunt Transport Services by 2.9% during the 1st quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 44 shares during the last quarter. Keybank National Association OH raised its holdings in shares of J.B. Hunt Transport Services by 2.7% during the 1st quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock valued at $374,000 after buying an additional 46 shares in the last quarter. Root Financial Partners LLC lifted its position in J.B. Hunt Transport Services by 25.4% in the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after buying an additional 47 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in J.B. Hunt Transport Services by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock worth $1,827,000 after buying an additional 47 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in 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 worth $37,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $263.39 on Friday. The company has a market cap of $24.74 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The company has a 50-day moving average price of $277.53 and a 200-day moving average price of $252.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. 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 (NASDAQ:JBHTGet Free Report) last posted its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the firm earned $1.31 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Susquehanna set a $345.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. JPMorgan Chase & Co. boosted their price objective on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price objective on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Citizens Jmp assumed coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, TD Cowen increased their target price on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Two equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $286.30.

Check Out Our Latest Research Report on JBHT

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Keefauver sold 703 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.50% of the company’s stock.

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.

See Also

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

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