Bank of Nova Scotia acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 26,907 shares of the transportation company's stock, valued at approximately $7,788,000.
Several other hedge funds have also modified their holdings of JBHT. Summitry LLC grew its stake in shares of J.B. Hunt Transport Services by 2.9% during the first quarter. Summitry LLC now owns 1,560 shares of the transportation company's stock valued at $331,000 after buying an additional 44 shares during the last quarter. Keybank National Association OH lifted its holdings in J.B. Hunt Transport Services by 2.7% during the 1st quarter. Keybank National Association OH now owns 1,765 shares of the transportation company's stock valued at $374,000 after buying an additional 46 shares in the last quarter. Root Financial Partners LLC boosted its position in 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 valued at $45,000 after buying an additional 47 shares during the period. Oregon Public Employees Retirement Fund boosted its position in 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 valued at $1,827,000 after buying an additional 47 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company's stock worth $37,000 after acquiring an additional 48 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.
J.B. Hunt Transport Services Stock Performance
JBHT opened at $259.88 on Tuesday. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $299.76. 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 firm has a market capitalization of $24.41 billion, a PE ratio of 36.81, a P/E/G ratio of 1.73 and a beta of 1.30. The firm has a 50 day moving average of $278.11 and a two-hundred day moving average of $251.68.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.20. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm earned $1.31 EPS. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.
J.B. Hunt Transport Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.45 per share. 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 (DPR) is currently 25.50%.
Insiders Place Their Bets
In other news, EVP David Keefauver sold 703 shares of the stock in a transaction dated 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 directly owned 790 shares of the company's stock, valued at $225,252.70. This represents a 47.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brian Webb sold 1,500 shares of the firm's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president owned 15,881 shares in the company, valued at $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. 2.50% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on JBHT shares. Susquehanna set a $345.00 price target on J.B. Hunt Transport Services in a report on Thursday, July 16th. Citigroup restated a "market perform" rating on shares of J.B. Hunt Transport Services in a report on Monday, July 20th. Stifel Nicolaus lifted their target price on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a "hold" rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their target price on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Finally, Zacks Research raised J.B. Hunt Transport Services from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Two equities research 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $286.30.
Check Out Our Latest Stock Report on J.B. Hunt Transport Services
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.
Featured Articles
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
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
