Advocacy Wealth Management LLC cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 63.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,761 shares of the transportation company's stock after selling 4,750 shares during the period. Advocacy Wealth Management LLC's holdings in J.B. Hunt Transport Services were worth $799,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Summitry LLC raised 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 buying an additional 44 shares in the last quarter. Keybank National Association OH lifted its stake in shares of J.B. Hunt Transport Services by 2.7% in the 1st quarter. Keybank National Association OH now owns 1,765 shares of the transportation company's stock valued at $374,000 after purchasing an additional 46 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of 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 purchasing an additional 47 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of 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 purchasing an additional 47 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company's stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.
J.B. Hunt Transport Services Stock Performance
Shares of JBHT stock opened at $261.03 on Monday. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $299.76. The business's fifty day simple moving average is $277.33 and its 200-day simple moving average is $252.69. 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 company has a market cap of $24.51 billion, a PE ratio of 36.97, a PEG ratio of 1.64 and a beta of 1.30.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.31 EPS. Analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services's dividend payout ratio is 25.50%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Citizens Jmp started coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. The Goldman Sachs Group set a $261.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Wall Street Zen raised shares of J.B. Hunt Transport Services from a "hold" rating to a "buy" rating in a research note on Sunday, June 7th. Benchmark upped their price target on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a "buy" rating in a report on Friday, June 26th. Finally, Robert W. Baird increased their price objective on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an "outperform" rating in a research report on Thursday, July 16th. Two investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and a consensus target price of $286.30.
Check Out Our Latest Analysis on JBHT
Insider Activity at J.B. Hunt Transport Services
In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the firm's stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 of the company's stock, valued at approximately $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is currently owned by corporate insiders.
J.B. Hunt Transport Services Company 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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider J.B. Hunt Transport Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and J.B. Hunt Transport Services wasn't on the list.
While J.B. Hunt Transport Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
