Jump Financial LLC Buys New Shares in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Jump Financial LLC has acquired a new stake in J.B. Hunt Transport Services, purchasing 36,040 shares valued at approximately $5.3 million.
• Analysts are optimistic about J.B. Hunt's stock, with major firms like Wells Fargo and JPMorgan Chase raising their target prices, reflecting a growing confidence in the company's performance.
• J.B. Hunt recently announced a quarterly dividend of $0.44 per share, translating to an annualized yield of 1.2%, with a current dividend payout ratio of 32.00%.

Jump Financial LLC bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 36,040 shares of the transportation company's stock, valued at approximately $5,332,000.

Other hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC raised its stake in shares of J.B. Hunt Transport Services by 19,600.0% during the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock worth $29,000 after purchasing an additional 196 shares during the period. Allworth Financial LP raised its stake in shares of J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after purchasing an additional 147 shares during the period. National Pension Service raised its stake in shares of J.B. Hunt Transport Services by 74.9% during the 1st quarter. National Pension Service now owns 306 shares of the transportation company's stock worth $45,000 after purchasing an additional 131 shares during the period. TD Private Client Wealth LLC raised its stake in shares of J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after purchasing an additional 109 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in J.B. Hunt Transport Services by 34.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company's stock valued at $71,000 after purchasing an additional 123 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on JBHT shares. Baird R W upgraded J.B. Hunt Transport Services to a "strong-buy" rating in a research note on Tuesday, July 1st. Robert W. Baird began coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They set an "outperform" rating and a $169.00 price target for the company. Susquehanna increased their price target on J.B. Hunt Transport Services from $155.00 to $157.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Morgan Stanley cut their price target on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $163.00 price target (up previously from $150.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.90.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee acquired 1,148 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the purchase, the executive vice president owned 7,397 shares of the company's stock, valued at approximately $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president directly owned 946 shares of the company's stock, valued at $143,763.62. This represents a 51.11% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded up $1.47 during midday trading on Wednesday, reaching $145.79. 1,211,660 shares of the company traded hands, compared to its average volume of 1,040,883. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The firm has a market capitalization of $14.11 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29. The firm's fifty day moving average price is $146.36 and its two-hundred day moving average price is $145.69.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The business's revenue for the quarter was up .0% compared to the same quarter last year. On average, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services's payout ratio is presently 32.00%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.