EP Wealth Advisors LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,926 shares of the transportation company's stock, valued at approximately $1,426,000.
Several other large investors have also recently bought and sold shares of JBHT. CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $32,000. MUFG Securities EMEA plc acquired a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $34,000. CIBC Private Wealth Group LLC raised its stake in J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company's stock valued at $37,000 after acquiring an additional 48 shares during the period. Finally, Activest Wealth Management boosted its position in 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 during the period. 74.95% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the sale, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. This represents a 47.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the sale, the executive vice president directly owned 15,881 shares in the company, valued at $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.50% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on JBHT. 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. Susquehanna set a $345.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. TD Cowen boosted their price objective on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a "hold" rating in a report on Thursday, July 16th. Robert W. Baird upped their target price on J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an "outperform" rating in a research report on Thursday, July 16th. Finally, Morgan Stanley reiterated an "underweight" rating and set a $200.00 price objective (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $286.30.
Read Our Latest Report on JBHT
J.B. Hunt Transport Services Stock Performance
Shares of J.B. Hunt Transport Services stock opened at $275.45 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $278.58 and a 200-day moving average price of $251.41. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $299.76. The company has a market cap of $25.87 billion, a PE ratio of 39.02, a price-to-earnings-growth 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 the consensus estimate of $1.71 by $0.20. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 earnings per share. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.
J.B. Hunt Transport Services Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services's dividend payout ratio is presently 25.50%.
J.B. Hunt Transport Services Company Profile
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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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