J.B. Hunt Transport Services, Inc. $JBHT Stock Position Increased by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its position in J.B. Hunt Transport Services by 165.6% during the first quarter, acquiring an additional 5,693 shares worth $1,351,000.
• J.B. Hunt has recently received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $164.90.
• The company announced a quarterly dividend of $0.44 per share, representing an annual yield of 1.2% and a payout ratio of 32.00%.

AlphaQuest LLC grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 165.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,131 shares of the transportation company's stock after acquiring an additional 5,693 shares during the quarter. AlphaQuest LLC's holdings in J.B. Hunt Transport Services were worth $1,351,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC grew its holdings in shares of 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 buying an additional 196 shares in the last quarter. Allworth Financial LP grew its stake in shares of J.B. Hunt Transport Services by 167.0% in the 1st 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 period. National Pension Service increased its holdings in shares of 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 worth $45,000 after buying an additional 131 shares in the last quarter. TD Private Client Wealth LLC increased its position in J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock valued at $49,000 after acquiring an additional 109 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of J.B. Hunt Transport Services by 22.4% during the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after buying an additional 120 shares during the period. Institutional investors own 74.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JBHT. Citigroup restated a "buy" rating and set a $170.00 target price (down from $175.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Stifel Nicolaus cut their target price on J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating for the company in a research note on Wednesday, July 16th. Truist Financial lifted their price target on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a report on Wednesday, July 16th. Robert W. Baird assumed coverage on shares of J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $164.90.

J.B. Hunt Transport Services Stock Up 4.7%

Shares of J.B. Hunt Transport Services stock opened at $150.14 on Friday. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company's 50 day moving average is $146.11 and its 200 day moving average is $146.19. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released 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 return on equity of 14.26% and a net margin of 4.59%.The business 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 EPS. The business's revenue was up .0% on a year-over-year basis. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a dividend of $0.44 per share. The ex-dividend date 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 (DPR) is presently 32.00%.

Insider Transactions at J.B. Hunt Transport Services

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

J.B. Hunt Transport Services Company Profile

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.

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