Proficio Capital Partners LLC Makes New $1.41 Million Investment in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Proficio Capital Partners initiated a $1.41 million position in J.B. Hunt Transport Services during the second quarter by purchasing 4,874 shares. Institutional investors and hedge funds collectively own 74.95% of the company.
• J.B. Hunt reported stronger-than-expected quarterly results, with EPS of $1.91 versus the $1.71 consensus estimate and revenue of $3.50 billion, up 19.4% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $286.30, while the company pays a quarterly dividend of $0.45, yielding approximately 0.7% annually.

Proficio Capital Partners LLC bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,874 shares of the transportation company's stock, valued at approximately $1,411,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $31,000. International Assets Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at approximately $34,000. CIBC Private Wealth Group LLC lifted its holdings in shares of 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 valued at $37,000 after buying an additional 48 shares during the period. Finally, Activest Wealth Management boosted its stake in shares of J.B. Hunt Transport Services by 19,800.0% in the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company's stock valued at $39,000 after buying an additional 198 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Up 0.6%

J.B. Hunt Transport Services stock opened at $263.64 on Thursday. 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 firm has a market capitalization of $24.76 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30. The stock's fifty day moving average is $277.69 and its two-hundred day moving average is $252.19. 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 released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.20. The business 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%.The business's revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.31 EPS. Analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.45 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services's dividend payout ratio is currently 25.50%.

Analysts Set New Price Targets

JBHT has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Citizens Jmp started coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Morgan Stanley reaffirmed an "underweight" rating and set a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. BMO Capital Markets reiterated an "outperform" rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of J.B. Hunt Transport Services from a "hold" rating to a "buy" rating in a research note on Sunday, June 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $286.30.

Insider Buying and Selling

In related news, EVP Brian Webb sold 1,500 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the sale, the executive vice president owned 15,881 shares of the company's stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Keefauver sold 703 shares of the business's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the transaction, the executive vice president directly owned 790 shares of the company's stock, valued at $225,252.70. The trade was a 47.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.50% of the company's stock.

About J.B. Hunt Transport Services

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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