Osmosis Investment Management UK Ltd bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,528 shares of the transportation company's stock, valued at approximately $4,205,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CYBER HORNET ETFs LLC purchased a new position in J.B. Hunt Transport Services during the second quarter valued at $31,000. International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services in the 4th quarter valued at $32,000. MUFG Securities EMEA plc purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter worth $34,000. CIBC Private Wealth Group LLC lifted its stake in J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company's stock worth $37,000 after purchasing an additional 48 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of J.B. Hunt Transport Services by 19,800.0% during the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company's stock valued at $39,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 74.95% of the company's stock.
J.B. Hunt Transport Services Stock Performance
NASDAQ JBHT opened at $275.45 on Monday. The business's 50 day moving average price is $278.58 and its 200-day moving average price is $251.41. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The company has a market cap of $25.87 billion, a P/E ratio of 39.02, a P/E/G ratio of 1.73 and a beta of 1.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services's revenue was up 19.4% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.
J.B. Hunt Transport Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 25.50%.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on JBHT shares. Raymond James Financial raised their price objective on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, July 16th. UBS Group increased their price target on J.B. Hunt Transport Services from $286.00 to $291.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. BMO Capital Markets restated an "outperform" rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Stephens raised their price target on J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and a consensus price target of $286.30.
Check Out Our Latest Analysis on JBHT
Insider Activity at J.B. Hunt Transport Services
In other news, EVP David Keefauver sold 703 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the sale, the executive vice president directly owned 790 shares in the company, valued at approximately $225,252.70. This represents a 47.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Brian Webb sold 1,500 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president directly owned 15,881 shares of the company's stock, valued at $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is owned by insiders.
J.B. Hunt Transport Services Company Profile
(
Free Report)
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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