Callan Family Office LLC Buys New Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Callan Family Office LLC acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,911 shares of the transportation company's stock, valued at approximately $274,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in J.B. Hunt Transport Services by 13.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock worth $1,529,000 after purchasing an additional 1,209 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in J.B. Hunt Transport Services during the first quarter worth approximately $1,746,000. Bessemer Group Inc. raised its holdings in J.B. Hunt Transport Services by 22.4% during the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after purchasing an additional 120 shares in the last quarter. SG Americas Securities LLC raised its holdings in J.B. Hunt Transport Services by 179.8% during the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock worth $590,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in J.B. Hunt Transport Services by 8.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock worth $976,000 after purchasing an additional 494 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $169.57 on Friday. The firm has a market capitalization of $16.41 billion, a P/E ratio of 29.39, a PEG ratio of 2.20 and a beta of 1.24. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The company's fifty day moving average is $140.63 and its two-hundred day moving average is $141.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.30. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.89% and a net margin of 4.75%.The business's revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.49 EPS. Analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. J.B. Hunt Transport Services's dividend payout ratio is currently 32.00%.

Insider Transactions at J.B. Hunt Transport Services

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

Analyst Ratings Changes

JBHT has been the topic of a number of research reports. Robert W. Baird initiated coverage on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They set an "outperform" rating and a $169.00 target price on the stock. Evercore ISI raised their target price on shares of J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an "outperform" rating in a research report on Thursday. Baird R W upgraded shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. Barclays raised their target price on shares of J.B. Hunt Transport Services from $135.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Susquehanna lowered their target price on shares of J.B. Hunt Transport Services from $157.00 to $145.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 24th. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $165.35.

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.

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