11,602 Shares in J.B. Hunt Transport Services, Inc. $JBHT Acquired by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors acquired 11,602 shares of J.B. Hunt Transport Services during the second quarter, worth approximately $3.36 million. Institutional investors collectively own 74.95% of the company.
• J.B. Hunt reported quarterly EPS of $1.91, exceeding estimates of $1.71, while revenue rose 19.4% year over year to $3.50 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $286.30.
• The company declared a quarterly dividend of $0.45 per share, equivalent to $1.80 annually and a 0.6% yield; two executives also sold shares in June.

Pallas Capital Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,602 shares of the transportation company's stock, valued at approximately $3,358,000.

Other large investors have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services in the fourth quarter worth $32,000. MUFG Securities EMEA plc purchased a new stake in J.B. Hunt Transport Services during the second quarter valued at about $34,000. Whittier Trust Co. boosted its position 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 buying an additional 50 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of 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 buying an additional 48 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP David Keefauver sold 703 shares of the business's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the sale, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. The trade was a 47.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president directly owned 15,881 shares of the company's stock, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price 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. 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. TD Cowen lifted 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. Stephens boosted their price objective on J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Finally, Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a "hold" rating in a research note on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $286.30.

J.B. Hunt Transport Services Trading Up 1.3%

JBHT opened at $283.37 on Tuesday. The business has a 50 day simple moving average of $279.58 and a two-hundred day simple moving average of $249.49. The firm has a market capitalization of $26.61 billion, a price-to-earnings ratio of 40.14, a PEG ratio of 1.76 and a beta of 1.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. 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:JBHT - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business's quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company earned $1.31 EPS. Analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a $0.45 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.6%. J.B. Hunt Transport Services's dividend payout ratio is 25.50%.

J.B. Hunt Transport Services 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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