Kera Capital Partners Inc. Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Kera Capital Partners Inc. has acquired a new stake in J.B. Hunt Transport Services, Inc., purchasing 3,273 shares valued at approximately $470,000.
• J.B. Hunt Transport Services recently reported quarterly earnings of $1.31 EPS, which missed the consensus estimate of $1.34 EPS.
• The company declared a quarterly dividend of $0.44 per share, representing an annualized yield of 1.3%.

Kera Capital Partners Inc. acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,273 shares of the transportation company's stock, valued at approximately $470,000.

Other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC grew its holdings in J.B. Hunt Transport Services by 19,600.0% in 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 period. Allworth Financial LP grew its holdings in J.B. Hunt Transport Services by 167.0% in 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 period. National Pension Service grew its holdings in J.B. Hunt Transport Services by 74.9% in 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 period. TD Private Client Wealth LLC grew its holdings in J.B. Hunt Transport Services by 49.3% in 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 period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings 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 purchasing an additional 123 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

J.B. Hunt Transport Services Trading Down 1.1%

NASDAQ JBHT traded down $1.58 on Monday, reaching $136.35. 1,017,008 shares of the company were exchanged, compared to its average volume of 1,023,403. The business's fifty day moving average price is $145.40 and its 200 day moving average price is $143.26. The stock has a market capitalization of $13.20 billion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 2.12 and a beta of 1.28. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40.

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). The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The business's quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $1.32 EPS. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.44 per share. 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 1.3%. J.B. Hunt Transport Services's payout ratio is 32.00%.

Wall Street Analyst Weigh In

Several analysts have commented on JBHT shares. Bank of America raised their price objective on J.B. Hunt Transport Services from $166.00 to $171.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Robert W. Baird began coverage on J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 target price on the stock. The Goldman Sachs Group set a $164.00 target price on J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Wells Fargo & Company restated an "overweight" rating and issued a $163.00 target price (up previously from $150.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. Finally, Truist Financial raised their target price on 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 research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and a consensus price target of $165.00.

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.