Apollon Wealth Management LLC Invests $242,000 in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Apollon Wealth Management LLC invested approximately $242,000 in J.B. Hunt Transport Services by acquiring 1,687 shares during the second quarter.
• J.B. Hunt reported quarterly earnings of $1.76 EPS, exceeding analysts' expectations of $1.46, with revenue totaling $3.05 billion for the period.
• The company announced a quarterly dividend of $0.44, resulting in an annualized dividend yield of 1.1% with a payout ratio of 30.50%.

Apollon Wealth Management LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,687 shares of the transportation company's stock, valued at approximately $242,000.

Other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC lifted its position in shares of J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock valued at $29,000 after buying an additional 196 shares during the last quarter. Allworth Financial LP raised its stake in J.B. Hunt Transport Services by 167.0% in 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 period. National Pension Service raised its stake in J.B. Hunt Transport Services by 74.9% in 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 period. Farther Finance Advisors LLC lifted its holdings in J.B. Hunt Transport Services by 38.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company's stock valued at $45,000 after purchasing an additional 88 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in J.B. Hunt Transport Services by 49.3% during the first 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. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $164.85 on Friday. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.61 and a beta of 1.24. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day moving average price of $141.14 and a 200-day moving average price of $141.06.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the firm earned $1.49 earnings per share. J.B. Hunt Transport Services's revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a $0.44 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. J.B. Hunt Transport Services's payout ratio is presently 30.50%.

Insider Buying and Selling

In other news, EVP Eric Mcgee purchased 1,148 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares of the company's stock, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their position. The transaction was disclosed in a document filed 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 that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the transaction, the executive vice president directly owned 946 shares in the company, valued at $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of J.B. Hunt Transport Services from $145.00 to $155.00 and gave the company a "hold" rating in a research report on Thursday. Susquehanna reduced their price objective on J.B. Hunt Transport Services from $157.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, September 24th. TD Cowen upped their target price on J.B. Hunt Transport Services from $140.00 to $152.00 and gave the company a "hold" rating in a research report on Thursday. Barclays increased their target price on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Morgan Stanley boosted their price target on J.B. Hunt Transport Services from $145.00 to $150.00 and gave the company an "equal weight" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $165.55.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.