New Wave Wealth Advisors LLC Increases Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

New Wave Wealth Advisors LLC lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 19.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,628 shares of the transportation company's stock after purchasing an additional 2,899 shares during the quarter. J.B. Hunt Transport Services comprises about 1.2% of New Wave Wealth Advisors LLC's portfolio, making the stock its 27th largest holding. New Wave Wealth Advisors LLC's holdings in J.B. Hunt Transport Services were worth $2,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank raised its position in J.B. Hunt Transport Services by 2.0% during the 1st quarter. Amalgamated Bank now owns 15,645 shares of the transportation company's stock worth $2,315,000 after buying an additional 308 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in J.B. Hunt Transport Services by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock worth $1,529,000 after buying an additional 1,209 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in J.B. Hunt Transport Services by 36.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 11,455 shares of the transportation company's stock worth $1,695,000 after buying an additional 3,061 shares during the last quarter. Bessemer Group Inc. raised its position in 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 last quarter. Finally, Lecap Asset Management Ltd. raised its position in J.B. Hunt Transport Services by 351.0% during the 1st quarter. Lecap Asset Management Ltd. now owns 29,187 shares of the transportation company's stock worth $4,318,000 after buying an additional 22,716 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of the stock in a transaction on Wednesday, April 23rd. The shares were bought at an average price of $130.75 per share, with a total value of $199,916.75. Following the purchase, the chief operating officer now directly owns 91,847 shares in the company, valued at $12,008,995.25. This trade represents a 1.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $145.34 on Monday. The company's fifty day moving average price is $138.76 and its 200 day moving average price is $153.29. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The stock has a market capitalization of $14.42 billion, a P/E ratio of 26.38, a P/E/G ratio of 1.97 and a beta of 1.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 14.07%. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. As a group, equities research 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 announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.21%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

Analyst Ratings Changes

JBHT has been the subject of a number of recent research reports. Sanford C. Bernstein set a $148.00 price target on shares of J.B. Hunt Transport Services and gave the stock a "market perform" rating in a research report on Wednesday, April 16th. Wells Fargo & Company reduced their price target on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a "hold" rating and a $167.00 price target for the company. Stephens cut their target price on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $155.00 target price (up from $140.00) on shares of J.B. Hunt Transport Services in a report on Tuesday, June 24th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $162.65.

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.

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