Ieq Capital LLC Has $3.12 Million Stake in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Ieq Capital LLC increased its stake in J.B. Hunt Transport Services by 82.3%, owning 21,090 shares worth approximately $3.12 million after acquiring an additional 9,519 shares in the first quarter.
• Analysts have set a target price range for J.B. Hunt Transport Services, with Goldman Sachs at $164, JPMorgan at $180, and several others maintaining varying ratings, leading to an average target price of $164.90.
• In recent insider activity, EVP Eric McGee purchased 1,148 shares at an average price of $140.76, indicating confidence in the company's prospects, despite EVP David Keefauver selling 989 shares at a higher price.

Ieq Capital LLC increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 82.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,090 shares of the transportation company's stock after purchasing an additional 9,519 shares during the quarter. Ieq Capital LLC's holdings in J.B. Hunt Transport Services were worth $3,120,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC boosted its position in J.B. Hunt Transport Services by 19,600.0% during the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock valued at $29,000 after purchasing an additional 196 shares during the last quarter. Allworth Financial LP boosted its position in J.B. Hunt Transport Services by 167.0% during the first quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock valued at $35,000 after purchasing an additional 147 shares during the last quarter. National Pension Service boosted its position in J.B. Hunt Transport Services by 74.9% during the first quarter. National Pension Service now owns 306 shares of the transportation company's stock valued at $45,000 after purchasing an additional 131 shares during the last quarter. TD Private Client Wealth LLC boosted its position in J.B. Hunt Transport Services by 49.3% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock valued at $49,000 after purchasing an additional 109 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in J.B. Hunt Transport Services by 34.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company's stock valued at $71,000 after acquiring an additional 123 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBHT has been the subject of a number of analyst reports. The Goldman Sachs Group set a $164.00 target price on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. JPMorgan Chase & Co. lifted their target price on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Wells Fargo & Company reiterated an "overweight" rating and issued a $163.00 target price (up from $150.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. Stifel Nicolaus reduced their price target on J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating for the company in a research report on Wednesday, July 16th. Finally, Robert W. Baird assumed coverage on J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.90.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT traded down $1.99 during trading hours on Thursday, hitting $143.39. 523,910 shares of the company's stock were exchanged, compared to its average volume of 1,122,578. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $13.88 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 2.23 and a beta of 1.28. The company's 50-day moving average price is $146.68 and its 200-day moving average price is $144.93.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the company earned $1.32 earnings per share. J.B. Hunt Transport Services's revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee bought 1,148 shares of the company's stock in a transaction dated Monday, August 4th. The stock was acquired at an average cost of $140.76 per share, with a total value of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Keefauver sold 989 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 946 shares of the company's stock, valued at approximately $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

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.