Prime Capital Investment Advisors LLC Acquires New Position in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Prime Capital Investment Advisors LLC has acquired a new stake of 11,012 shares in J.B. Hunt Transport Services, valued at approximately $1.58 million, highlighting increased institutional interest in the company.
• J.B. Hunt reported earnings of $1.31 per share for the last quarter, which was below the consensus estimate of $1.34, despite its revenue meeting expectations at $2.93 billion.
• The company recently announced a quarterly dividend of $0.44, translating to an annual yield of 1.2%, with a payout ratio of 32% as insiders own a modest 2.3% of the company's shares.

Prime Capital Investment Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,012 shares of the transportation company's stock, valued at approximately $1,581,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its position in J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock worth $108,000 after purchasing an additional 85 shares during the last quarter. Farther Finance Advisors LLC grew its position in J.B. Hunt Transport Services by 38.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company's stock worth $45,000 after purchasing an additional 88 shares during the last quarter. Trust Investment Advisors grew its position in J.B. Hunt Transport Services by 2.3% during the 1st quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company's stock worth $695,000 after purchasing an additional 104 shares during the last quarter. TD Private Client Wealth LLC grew its position in J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after purchasing an additional 109 shares during the last quarter. Finally, Greenleaf Trust grew its position in J.B. Hunt Transport Services by 8.1% during the 2nd quarter. Greenleaf Trust now owns 1,495 shares of the transportation company's stock worth $215,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $146.55 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a fifty day moving average price of $140.38 and a 200 day moving average price of $141.26. 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 cap of $14.19 billion, a P/E ratio of 26.65, a P/E/G ratio of 2.21 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) 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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the firm earned $1.32 earnings per share. The business's revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services's payout ratio is currently 32.00%.

Wall Street Analyst Weigh In

JBHT has been the topic of several research analyst reports. The Goldman Sachs Group set a $164.00 target price on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Morgan Stanley dropped their target price on shares of J.B. Hunt Transport Services from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Monday. Bank of America dropped their price objective on shares of J.B. Hunt Transport Services from $171.00 to $153.00 and set a "buy" rating on the stock in a report on Tuesday, September 16th. Stifel Nicolaus dropped their price objective on shares of J.B. Hunt Transport Services from $145.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, October 3rd. Finally, Robert W. Baird started coverage on shares of J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.52.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee acquired 1,148 shares of J.B. Hunt Transport Services stock in a transaction on 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 completion of the transaction, the executive vice president owned 7,397 shares of the company's stock, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Keefauver sold 989 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction 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 represents a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

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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