Empowered Funds LLC Sells 6,317 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Empowered Funds LLC reduced its J.B. Hunt position by 66% in the first quarter, selling 6,317 shares and retaining 3,247 shares worth approximately $688,000. Institutional investors collectively own 74.95% of the company.
• J.B. Hunt reported a strong quarter, with earnings of $1.91 per share beating estimates of $1.71 and revenue rising 19.4% year over year to $3.50 billion. The company also declared a quarterly dividend of $0.45 per share, representing a 0.7% yield.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $286.30; recent targets range as high as $345.

Empowered Funds LLC cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 66.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,247 shares of the transportation company's stock after selling 6,317 shares during the period. Empowered Funds LLC's holdings in J.B. Hunt Transport Services were worth $688,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JBHT. CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth approximately $31,000. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $32,000. MUFG Securities EMEA plc bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $34,000. Whittier Trust Co. boosted its stake in shares of J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company's stock worth $37,000 after acquiring an additional 50 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of J.B. Hunt Transport Services by 34.3% during the 4th 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. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $266.14 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $25.00 billion, a price-to-earnings ratio of 37.70, a P/E/G ratio of 1.69 and a beta of 1.30. The stock's fifty day moving average price is $280.08 and its two-hundred day moving average price is $247.02. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the firm earned $1.31 earnings per share. The company's revenue was up 19.4% on a year-over-year basis. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 25.50%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the firm's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the transaction, the executive vice president owned 790 shares in the company, valued at $225,252.70. This trade represents a 47.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren P. Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the transaction, the executive vice president directly owned 8,696 shares of the company's stock, valued at $2,213,045.04. This represents a 31.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 15,847 shares of company stock valued at $4,162,861 in the last quarter. Corporate insiders own 2.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial increased their price target on 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. Susquehanna set a $345.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Wall Street Zen raised shares of J.B. Hunt Transport Services from a "hold" rating to a "buy" rating in a research report on Sunday, June 7th. Wells Fargo & Company raised their target price on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $286.30.

J.B. Hunt Transport Services Company Profile

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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