J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,610 shares of the transportation company's stock after purchasing an additional 8,276 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of J.B. Hunt Transport Services worth $13,258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in shares of J.B. Hunt Transport Services by 8.0% in the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock valued at $140,000 after purchasing an additional 61 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of J.B. Hunt Transport Services by 13.2% in the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock valued at $108,000 after purchasing an additional 85 shares during the last quarter. Wahed Invest LLC increased its holdings in shares of J.B. Hunt Transport Services by 4.6% in the fourth quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock valued at $355,000 after purchasing an additional 91 shares during the last quarter. Man Group plc increased its holdings in shares of J.B. Hunt Transport Services by 0.9% in the fourth quarter. Man Group plc now owns 11,165 shares of the transportation company's stock valued at $1,905,000 after purchasing an additional 98 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock valued at $97,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley cut their price target on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Benchmark reissued a "buy" rating and set a $175.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Raymond James Financial raised their target price on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an "outperform" rating in a research note on Tuesday. TD Cowen cut their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Finally, UBS Group reissued a "buy" rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $164.90.

J.B. Hunt Transport Services Trading Down 2.5%

NASDAQ:JBHT opened at $148.89 on Friday. The firm has a market cap of $14.77 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.37 and a beta of 1.29. The stock has a fifty day moving average price of $144.65 and a 200 day moving average price of $151.36. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the business posted $1.32 earnings per share. Sell-side analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 32.00%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was bought at an average cost of $130.75 per share, with a total value of $199,916.75. Following the acquisition, the chief operating officer directly owned 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by company insiders.

J.B. Hunt Transport Services 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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