Chicago Partners Investment Group LLC Makes New $309,000 Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Key Points

• Chicago Partners Investment Group LLC has invested $309,000 in J.B. Hunt Transport Services, acquiring 2,087 shares during the 1st quarter.
• Analysts have a consensus rating of "Moderate Buy" for J.B. Hunt Transport Services, with an average price target of $164.90 boosted by firms like JPMorgan and Raymond James raising their target prices.
• The company announced a quarterly dividend of $0.44 per share, representing an annual yield of 1.3%, with a payout ratio of 32.00%.

Chicago Partners Investment Group LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,087 shares of the transportation company's stock, valued at approximately $309,000.

A number of other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in J.B. Hunt Transport Services by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 596,512 shares of the transportation company's stock valued at $88,254,000 after buying an additional 20,353 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in J.B. Hunt Transport Services in the 1st quarter valued at approximately $906,000. Wharton Business Group LLC raised its position in J.B. Hunt Transport Services by 4.7% in the 1st quarter. Wharton Business Group LLC now owns 9,326 shares of the transportation company's stock valued at $1,427,000 after buying an additional 417 shares during the last quarter. Vanguard Group Inc. raised its position in J.B. Hunt Transport Services by 2.0% in 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 during the last quarter. Finally, J. Safra Sarasin Holding AG raised its position in J.B. Hunt Transport Services by 78.6% in the 1st quarter. J. Safra Sarasin Holding AG now owns 3,328 shares of the transportation company's stock valued at $492,000 after buying an additional 1,465 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT traded down $1.00 during midday trading on Friday, hitting $143.45. The company had a trading volume of 544,605 shares, compared to its average volume of 1,064,553. The company has a market capitalization of $13.89 billion, a PE ratio of 26.08, a P/E/G ratio of 2.22 and a beta of 1.29. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $145.77 and a 200-day moving average price of $147.07. 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 announced its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. J.B. Hunt Transport Services's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.32 earnings per share. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. J.B. Hunt Transport Services's payout ratio is 32.00%.

Insiders Place Their Bets

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

Analyst Ratings Changes

JBHT has been the topic of several recent analyst reports. Bank of America boosted their price target on J.B. Hunt Transport Services from $166.00 to $171.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Baird R W raised J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price target on J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Morgan Stanley lowered their price target on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Finally, Truist Financial boosted their price target on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.90.

About J.B. Hunt Transport Services

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.