MGO One Seven LLC Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• MGO One Seven LLC has acquired 2,770 shares of J.B. Hunt Transport Services, valued at approximately $398,000, highlighting increased institutional interest in the company.
• In the latest earnings report, J.B. Hunt posted an EPS of $1.76, exceeding analysts' estimates by $0.30, with revenue of $3.05 billion for the quarter.
• The company recently declared a quarterly dividend of $0.44 per share, providing a dividend yield of 1.1% and reflecting a payout ratio of 30.50%.

MGO One Seven LLC acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,770 shares of the transportation company's stock, valued at approximately $398,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in J.B. Hunt Transport Services by 179.8% during the 1st quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock valued at $590,000 after purchasing an additional 2,564 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of J.B. Hunt Transport Services by 8.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock valued at $976,000 after buying an additional 494 shares during the period. Exchange Traded Concepts LLC boosted its stake in J.B. Hunt Transport Services by 13.2% during the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock valued at $108,000 after buying an additional 85 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in J.B. Hunt Transport Services by 2.5% during the first quarter. State of Alaska Department of Revenue now owns 9,308 shares of the transportation company's stock valued at $1,377,000 after buying an additional 225 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in J.B. Hunt Transport Services during the first quarter worth about $349,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 purchased at an average cost of $140.76 per share, with a total value of $161,592.48. Following the purchase, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. The trade was a 18.37% 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. Also, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the transaction, the executive vice president directly owned 946 shares in the company, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $164.85 on Friday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The firm's 50 day simple moving average is $141.14 and its 200-day simple moving average is $141.06. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $15.96 billion, a P/E ratio of 28.57, a price-to-earnings-growth ratio of 2.61 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the business posted $1.49 EPS. The company's revenue was down .5% on a year-over-year basis. As a group, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders 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 dividend yield of 1.1%. J.B. Hunt Transport Services's payout ratio is currently 30.50%.

Analysts Set New Price Targets

JBHT has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of J.B. Hunt Transport Services from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday. Morgan Stanley boosted their target price on shares of J.B. Hunt Transport Services from $145.00 to $150.00 and gave the stock an "equal weight" rating in a report on Thursday. TD Cowen raised their target price on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the stock a "hold" rating in a report on Thursday. Weiss Ratings restated a "hold (c-)" rating on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 8th. Finally, Evercore ISI upped their price target on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the company an "outperform" rating in a report on Thursday. 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, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average target price of $165.55.

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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