FORA Capital LLC Purchases Shares of 11,895 J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• FORA Capital LLC made a new investment of approximately $1.76 million in J.B. Hunt Transport Services, acquiring 11,895 shares of the company's stock.
• Several institutional investors, including Summit Securities Group and Allworth Financial, significantly increased their stakes in J.B. Hunt during the first quarter, contributing to institutional ownership of 74.95% of the company's stock.
• Analysts maintain a positive outlook on J.B. Hunt, with a majority assigning a "buy" rating and an average target price of $164.90 for the stock.

FORA Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,895 shares of the transportation company's stock, valued at approximately $1,760,000.

Several other institutional investors also recently bought and sold shares of JBHT. JPMorgan Chase & Co. grew its position in J.B. Hunt Transport Services by 14.6% during the 1st quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company's stock valued at $718,015,000 after purchasing an additional 616,986 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2,408.1% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company's stock valued at $36,502,000 after acquiring an additional 205,360 shares during the last quarter. Nuveen LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 1st quarter valued at about $29,497,000. Vanguard Group Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 2.0% during 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 acquiring an additional 195,873 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of J.B. Hunt Transport Services by 194.0% during the 4th quarter. Point72 Asset Management L.P. now owns 258,467 shares of the transportation company's stock valued at $44,110,000 after acquiring an additional 170,561 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on JBHT shares. Susquehanna increased their price objective on shares of J.B. Hunt Transport Services from $155.00 to $157.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Morgan Stanley lowered their price objective on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. The Goldman Sachs Group set a $164.00 price objective on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Citigroup reaffirmed a "buy" rating and set a $170.00 price target (down previously from $175.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Finally, Truist Financial raised their price objective on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average price target of $164.90.

Insiders Place Their Bets

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

J.B. Hunt Transport Services Trading Up 0.7%

JBHT stock traded up $1.01 during mid-day trading on Friday, reaching $144.99. 785,446 shares of the stock traded hands, compared to its average volume of 1,048,305. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The stock has a market capitalization of $14.03 billion, a PE ratio of 26.36, a PEG ratio of 2.22 and a beta of 1.29. The business has a 50-day moving average price of $146.56 and a two-hundred day moving average price of $145.38.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the firm earned $1.32 EPS. The company's revenue was up .0% on a year-over-year basis. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

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

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.