OneDigital Investment Advisors LLC Purchases Shares of 30,818 J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• OneDigital Investment Advisors acquired 30,818 shares of J.B. Hunt Transport Services during the second quarter, valued at approximately $8.92 million. Institutional investors collectively own 74.95% of the company.
• J.B. Hunt reported quarterly earnings of $1.91 per share, beating estimates of $1.71, while revenue rose 19.4% year over year to $3.50 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $286.30.
• The company declared a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 dividend and a 0.6% yield. Insiders sold 4,203 shares worth approximately $1.14 million over the past three months.

OneDigital Investment Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 30,818 shares of the transportation company's stock, valued at approximately $8,920,000.

A number of other hedge funds also recently bought and sold shares of JBHT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of J.B. Hunt Transport Services by 74.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company's stock worth $2,314,000 after acquiring an additional 6,668 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in J.B. Hunt Transport Services by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company's stock worth $64,160,000 after purchasing an additional 13,729 shares during the last quarter. Empowered Funds LLC lifted its stake in J.B. Hunt Transport Services by 27.8% in the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company's stock worth $262,000 after purchasing an additional 385 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in J.B. Hunt Transport Services during the second quarter valued at about $539,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in J.B. Hunt Transport Services by 21.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company's stock valued at $84,000 after buying an additional 101 shares during the period. Institutional investors own 74.95% of the company's stock.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,000 shares of the firm's stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total value of $516,400.00. Following the completion of the sale, the executive vice president directly owned 4,604 shares in the company, valued at $1,188,752.80. This trade represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Keefauver sold 703 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares of the company's stock, valued at approximately $225,252.70. The trade was a 47.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,203 shares of company stock valued at $1,142,861 over the last three months. Corporate insiders own 2.50% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $279.71 on Monday. The business has a 50 day moving average of $279.67 and a 200 day moving average of $248.92. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $299.76. The company has a market cap of $26.27 billion, a PE ratio of 39.62, a P/E/G ratio of 1.76 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the firm earned $1.31 EPS. The company's quarterly revenue was up 19.4% compared to the same quarter last year. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. J.B. Hunt Transport Services's payout ratio is currently 25.50%.

Analyst Ratings Changes

Several research firms have recently commented on JBHT. TD Cowen lifted their price objective on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a "hold" rating in a report on Thursday, July 16th. Susquehanna set a $345.00 price target on J.B. Hunt Transport Services in a research report on Thursday, July 16th. UBS Group boosted their price objective on J.B. Hunt Transport Services from $286.00 to $291.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. Morgan Stanley restated an "underweight" rating and issued a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. Finally, Citigroup reaffirmed a "market perform" rating on shares of J.B. Hunt Transport Services in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average price target of $286.30.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

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