Evolve Private Wealth LLC Buys New Shares in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Evolve Private Wealth initiated a position of 11,629 J.B. Hunt shares worth approximately $3.37 million in the second quarter. Institutional investors collectively own 74.95% of the company.
• J.B. Hunt reported stronger-than-expected quarterly results, with EPS of $1.91 versus the $1.71 consensus and revenue of $3.50 billion, up 19.4% year over year.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus rating and a $286.30 average price target, while shares recently traded at $275.45. The company also pays a quarterly dividend of $0.45, yielding about 0.7% annually.

Evolve Private Wealth LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,629 shares of the transportation company's stock, valued at approximately $3,366,000.

A number of other hedge funds also recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services in the second quarter worth about $31,000. International Assets Investment Management LLC acquired a new stake in J.B. Hunt Transport Services during the fourth quarter valued at approximately $32,000. MUFG Securities EMEA plc acquired a new stake in J.B. Hunt Transport Services during the second quarter valued at approximately $34,000. CIBC Private Wealth Group LLC grew its stake in shares of 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 purchasing an additional 48 shares during the period. Finally, Activest Wealth Management grew its stake in shares of J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company's stock valued at $39,000 after purchasing an additional 198 shares during the period. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Up 0.4%

Shares of NASDAQ JBHT opened at $275.45 on Friday. 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 capitalization of $25.87 billion, a P/E ratio of 39.02, a P/E/G ratio of 1.73 and a beta of 1.30. 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 company's 50 day simple moving average is $278.58 and its 200 day simple moving average is $251.13.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.20. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates 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 business's quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 EPS. On average, analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services's dividend payout ratio is currently 25.50%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Zacks Research upgraded J.B. Hunt Transport Services from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Sanford C. Bernstein reiterated an "outperform" rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Wall Street Zen raised J.B. Hunt Transport Services from a "hold" rating to a "buy" rating in a report on Sunday, June 7th. Robert W. Baird boosted their target price on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Thursday, July 16th. Finally, Weiss Ratings raised shares of J.B. Hunt Transport Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $286.30.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the 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 owned 15,881 shares of the company's stock, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Keefauver sold 703 shares of the business's stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president owned 790 shares of the company's stock, valued at $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.50% of the company's stock.

About J.B. Hunt Transport Services

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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