Integrated Wealth Concepts LLC Purchases 3,801 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Integrated Wealth Concepts LLC increased its J.B. Hunt position by 32.2% in the second quarter, adding 3,801 shares to hold 15,620 shares valued at approximately $4.52 million. Institutional investors own 74.95% of the company.
• Analyst sentiment is generally positive, with J.B. Hunt receiving a “Moderate Buy” consensus rating and an average price target of $286.30.
• J.B. Hunt exceeded quarterly expectations, reporting $1.91 in EPS and $3.50 billion in revenue, while revenue rose 19.4% year over year. The company also maintains a quarterly dividend of $0.45 per share, representing a 0.7% annual yield.

Integrated Wealth Concepts LLC lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 32.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,620 shares of the transportation company's stock after acquiring an additional 3,801 shares during the period. Integrated Wealth Concepts LLC's holdings in J.B. Hunt Transport Services were worth $4,521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in shares of J.B. Hunt Transport Services by 40.0% in the second quarter. NewEdge Advisors LLC now owns 3,659 shares of the transportation company's stock worth $1,059,000 after purchasing an additional 1,045 shares during the last quarter. IFP Advisors Inc increased its holdings in J.B. Hunt Transport Services by 9.2% in the 2nd quarter. IFP Advisors Inc now owns 1,301 shares of the transportation company's stock worth $377,000 after buying an additional 110 shares in the last quarter. Allworth Financial LP increased its holdings in J.B. Hunt Transport Services by 10.3% in the 2nd quarter. Allworth Financial LP now owns 5,014 shares of the transportation company's stock worth $1,451,000 after buying an additional 467 shares in the last quarter. Arizona State Retirement System raised its position in J.B. Hunt Transport Services by 4.8% in the 2nd quarter. Arizona State Retirement System now owns 21,699 shares of the transportation company's stock worth $6,280,000 after buying an additional 1,000 shares during the last quarter. Finally, West Family Investments Inc. purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $507,000. 74.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

JBHT has been the topic of a number of recent analyst reports. Susquehanna set a $345.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Stifel Nicolaus boosted their price objective on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a "hold" rating in a report on Monday, July 13th. Stephens increased their price objective on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. TD Cowen raised their target price on shares of 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. Finally, Benchmark lifted their target price on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $286.30.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $270.45 on Friday. 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 stock has a market capitalization of $25.40 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 2.05 and a beta of 1.29. The firm's 50 day moving average price is $274.75 and its 200-day moving average price is $255.48. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the business posted $1.31 earnings per share. The firm's quarterly revenue was up 19.4% compared to the same quarter last year. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.

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