J.B. Hunt Transport Services, Inc. $JBHT Shares Bought by Ally Financial Inc.

Key Points

• Ally Financial Inc. increased its stake in J.B. Hunt Transport Services by 9.1%, owning a total of 24,000 shares valued at approximately $3.55 million as of its latest SEC filing.
• J.B. Hunt Transport Services announced a quarterly dividend of $0.44 per share, translating to an annualized dividend yield of 1.2% and a payout ratio of 32.00%.
• Several analysts have set new price targets for J.B. Hunt, with estimates ranging from $157.00 to $169.00, suggesting a consensus rating of "Moderate Buy" for the stock.

Ally Financial Inc. grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,000 shares of the transportation company's stock after purchasing an additional 2,000 shares during the quarter. Ally Financial Inc.'s holdings in J.B. Hunt Transport Services were worth $3,551,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC boosted its position 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 valued at $29,000 after acquiring an additional 196 shares during the last quarter. Allworth Financial LP boosted its position 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 valued at $35,000 after acquiring an additional 147 shares during the last quarter. National Pension Service boosted its position 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 valued at $45,000 after acquiring an additional 131 shares during the last quarter. TD Private Client Wealth LLC boosted its position 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 valued at $49,000 after acquiring an additional 109 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of J.B. Hunt Transport Services by 34.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company's stock valued at $71,000 after acquiring an additional 123 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of recent research reports. Truist Financial boosted their price target on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a research note on Wednesday, July 16th. Baird R W raised J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. Raymond James Financial upped their price target on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Citigroup reissued a "buy" rating and issued a $170.00 price objective (down from $175.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Finally, Robert W. Baird assumed coverage on J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and a consensus target price of $164.90.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock traded up $1.47 during mid-day trading on Wednesday, reaching $145.79. The stock had a trading volume of 1,211,660 shares, compared to its average volume of 1,040,883. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The company has a market cap of $14.11 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29. The business has a 50-day simple moving average of $146.36 and a 200 day simple moving average of $145.69. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 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 analyst estimates of $2.93 billion. During the same period in the previous year, the business earned $1.32 EPS. The firm's revenue was up .0% on a year-over-year basis. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.44 dividend. 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 dividend payout ratio (DPR) is 32.00%.

About J.B. Hunt Transport Services

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.