BlueChip Wealth Advisors LLC Purchases Shares of 1,936 J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• BlueChip Wealth Advisors LLC acquired a new stake in J.B. Hunt Transport Services by purchasing 1,936 shares valued at approximately $278,000.
• Institutional investors collectively own 74.95% of J.B. Hunt's stock, with several firms adding to their positions in the recent quarter.
• J.B. Hunt reported a quarterly EPS of $1.76, exceeding expectations and producing revenue of $3.05 billion, although this was a slight decline of 0.5% compared to last year.

BlueChip Wealth Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,936 shares of the transportation company's stock, valued at approximately $278,000.

Several other institutional investors have also added to or reduced their stakes in JBHT. JPMorgan Chase & Co. grew its holdings in J.B. Hunt Transport Services by 14.6% during the 1st quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company's stock valued at $718,015,000 after buying an additional 616,986 shares in the last quarter. Nuveen LLC purchased a new position in J.B. Hunt Transport Services during the 1st quarter valued at approximately $29,497,000. Vanguard Group Inc. grew its holdings in J.B. Hunt Transport Services by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company's stock valued at $1,486,670,000 after buying an additional 195,873 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of J.B. Hunt Transport Services by 11.5% in the 1st quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company's stock worth $208,322,000 after purchasing an additional 144,666 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in shares of J.B. Hunt Transport Services by 118.4% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 162,500 shares of the transportation company's stock worth $24,042,000 after purchasing an additional 88,100 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on JBHT shares. Citigroup dropped their target price on J.B. Hunt Transport Services from $170.00 to $163.00 and set a "buy" rating for the company in a report on Monday, October 13th. Susquehanna lifted their target price on J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a "neutral" rating in a report on Tuesday. Weiss Ratings reiterated a "hold (c-)" rating on shares of J.B. Hunt Transport Services in a report on Wednesday, October 8th. The Goldman Sachs Group set a $164.00 target price on J.B. Hunt Transport Services in a report on Tuesday, July 8th. Finally, Stephens reiterated an "overweight" rating and issued a $180.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and an average target price of $166.30.

J.B. Hunt Transport Services Trading Up 2.1%

Shares of NASDAQ JBHT opened at $168.98 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $142.22 and a two-hundred day simple moving average of $141.50. The firm has a market cap of $16.36 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40.

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

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee purchased 1,148 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, August 4th. The stock was purchased at an average cost of $140.76 per share, with a total value of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Company 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.

Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report).

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.