Focus Partners Advisor Solutions LLC Buys New Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Focus Partners Advisor Solutions acquired 14,144 J.B. Hunt shares worth approximately $4.1 million during the second quarter. Institutional investors collectively own 74.95% of the company.
• J.B. Hunt reported quarterly EPS of $1.91, beating estimates by $0.20, while revenue rose 19.4% year over year to $3.50 billion. The company also declared a quarterly dividend of $0.45 per share, representing a 0.6% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $286.30, although company insiders sold 4,203 shares worth roughly $1.14 million over the past 90 days.

Focus Partners Advisor Solutions LLC bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,144 shares of the transportation company's stock, valued at approximately $4,094,000.

Several other institutional investors have also bought and sold shares of JBHT. CYBER HORNET ETFs LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $31,000. International Assets Investment Management LLC purchased a new position in J.B. Hunt Transport Services in the 4th quarter worth about $32,000. MUFG Securities EMEA plc bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at about $34,000. Whittier Trust Co. lifted its holdings in 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 valued at $37,000 after buying an additional 50 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position 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 buying an additional 48 shares during the period. Institutional investors own 74.95% of the company's stock.

Insiders Place Their Bets

In other news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction on 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 directly owned 790 shares in the company, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Spencer Frazier sold 2,000 shares of the business's stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total value of $516,400.00. Following the completion of the transaction, the executive vice president directly owned 4,604 shares of the company's stock, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,203 shares of company stock worth $1,142,861 over the last 90 days. Company insiders own 2.50% of the company's stock.

J.B. Hunt Transport Services Trading Down 0.9%

NASDAQ JBHT opened at $279.71 on Friday. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $26.27 billion, a price-to-earnings ratio of 39.62, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. The company's 50-day simple moving average is $279.67 and its two-hundred day simple moving average is $248.62.

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

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. J.B. Hunt Transport Services's payout ratio is 25.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on JBHT shares. Robert W. Baird upped their target price on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an "outperform" rating in a research note on Thursday, July 16th. UBS Group boosted their price target on J.B. Hunt Transport Services from $286.00 to $291.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Susquehanna set a $345.00 price objective on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Wells Fargo & Company raised their price objective on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Finally, Truist Financial lifted their target price on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a "hold" rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and a consensus 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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