Chicago Partners Investment Group LLC Boosts Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Chicago Partners Investment Group LLC increased its holdings in J.B. Hunt Transport Services by 136.0% in the second quarter, now owning 4,925 shares valued at approximately $738,000.
• Multiple institutional investors have significantly boosted their stakes, with Summit Securities Group raising its position by 19,600.0% during the first quarter.
• J.B. Hunt Transport Services reported an EPS of $1.76 for the last quarter, exceeding analysts' estimates and showing a 4.75% net margin, despite a slight year-over-year revenue decline.

Chicago Partners Investment Group LLC raised its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 136.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,925 shares of the transportation company's stock after buying an additional 2,838 shares during the period. Chicago Partners Investment Group LLC's holdings in J.B. Hunt Transport Services were worth $738,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC boosted its position in J.B. Hunt Transport Services by 19,600.0% during 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 period. Private Trust Co. NA boosted its position in J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company's stock valued at $29,000 after buying an additional 74 shares during the period. Allworth Financial LP boosted its holdings in shares of J.B. Hunt Transport Services by 167.0% during the first quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after purchasing an additional 147 shares during the period. National Pension Service boosted its holdings in shares of J.B. Hunt Transport Services by 74.9% during the first quarter. National Pension Service now owns 306 shares of the transportation company's stock worth $45,000 after purchasing an additional 131 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 38.6% during the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company's stock worth $45,000 after purchasing an additional 88 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee bought 1,148 shares of the company's stock in a transaction dated Monday, August 4th. The shares were purchased at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on JBHT shares. Baird R W upgraded J.B. Hunt Transport Services to a "strong-buy" rating in a report on Tuesday, July 1st. Evercore ISI raised their price target on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an "outperform" rating in a research note on Thursday, October 16th. Sanford C. Bernstein set a $172.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, October 16th. Susquehanna lifted their price target on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Barclays lifted their price target on shares of J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an "equal weight" rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $166.30.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $168.98 on Wednesday. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The stock 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. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. The company's fifty day moving average price is $142.22 and its 200-day moving average price is $141.50.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its 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 net margin of 4.75% and a return on equity of 15.16%. The firm had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The company's quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services 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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