Callan Family Office LLC acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,474 shares of the transportation company's stock, valued at approximately $1,295,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBHT. CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services in the second quarter valued at about $31,000. International Assets Investment Management LLC purchased a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $32,000. MUFG Securities EMEA plc acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at about $34,000. CIBC Private Wealth Group LLC lifted its stake in J.B. Hunt Transport Services by 34.3% in the fourth 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 during the last quarter. Finally, Activest Wealth Management grew its stake in shares of J.B. Hunt Transport Services by 19,800.0% during the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company's stock worth $39,000 after purchasing an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.
J.B. Hunt Transport Services Stock Performance
Shares of J.B. Hunt Transport Services stock opened at $275.45 on Monday. The business's fifty day moving average is $278.58 and its two-hundred day moving average is $251.41. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The firm has a market cap of $25.87 billion, a PE ratio of 39.02, a P/E/G ratio of 1.73 and a beta of 1.30.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company's quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 EPS. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.45 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 25.50%.
Analysts Set New Price Targets
JBHT has been the topic of several recent analyst reports. Truist Financial increased their price target on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a "hold" rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. lifted their target price on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Citizens Jmp began coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They set a "market perform" rating on the stock. Sanford C. Bernstein reiterated an "outperform" rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Susquehanna set a $345.00 price target on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $286.30.
Get Our Latest Analysis on JBHT
Insider Buying and Selling at J.B. Hunt Transport Services
In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the firm's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the transaction, the executive vice president directly owned 15,881 shares of the company's stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Keefauver sold 703 shares of the company's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares of the company's stock, valued at approximately $225,252.70. This represents a 47.09% decrease in their position. The SEC filing for this sale provides additional information. 2.50% of the stock is currently owned by corporate insiders.
About J.B. Hunt Transport Services
(
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.
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