MBB Public Markets I LLC Makes New $319,000 Investment in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• MBB Public Markets I LLC acquired 2,154 shares of J.B. Hunt Transport Services, valued at approximately $319,000, marking a new stake for the firm.
• J.B. Hunt's stock has experienced a 1.4% decline, with the current price at $141.00 and a twelve-month price range between $122.79 and $200.40.
• The company reported earnings of $1.31 per share, missing analysts' expectations, while also announcing a quarterly dividend of $0.44 per share.

MBB Public Markets I LLC acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,154 shares of the transportation company's stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBHT. United Services Automobile Association acquired a new position in shares of J.B. Hunt Transport Services during the 1st quarter worth about $293,000. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of J.B. Hunt Transport Services by 958.7% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,828 shares of the transportation company's stock worth $2,342,000 after buying an additional 14,333 shares during the period. Caxton Associates LLP acquired a new position in J.B. Hunt Transport Services during the 1st quarter worth approximately $1,159,000. Goldman Sachs Group Inc. boosted its position in J.B. Hunt Transport Services by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company's stock worth $64,160,000 after acquiring an additional 13,729 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its stake in J.B. Hunt Transport Services by 4.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 12,712 shares of the transportation company's stock valued at $1,881,000 after acquiring an additional 561 shares during the period. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock traded down $1.00 during trading on Monday, hitting $136.93. 291,778 shares of the stock traded hands, compared to its average volume of 1,116,587. The stock has a market cap of $13.25 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 2.12 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The firm's fifty day moving average is $145.66 and its 200-day moving average is $143.44. 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 issued its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.93 billion. During the same quarter in the prior year, the company earned $1.32 earnings per share. The company's revenue was up .0% compared to the same quarter last year. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 32.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on JBHT shares. Morgan Stanley lowered their price objective on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Citigroup reaffirmed a "buy" rating and issued a $170.00 price objective (down from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. Truist Financial raised their price objective on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $163.00 price objective (up from $150.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. Finally, Bank of America lifted their price target on J.B. Hunt Transport Services from $166.00 to $171.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $165.00.

Insider Activity

In other news, EVP David Keefauver sold 989 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the transaction, the executive vice president owned 946 shares of the company's stock, valued at $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Mcgee acquired 1,148 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was bought at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, 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 company insiders.

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.