Sagespring Wealth Partners LLC Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Sagespring Wealth Partners LLC purchased 1,539 shares of J.B. Hunt Transport Services, valued at approximately $221,000, marking a new investment in the company during the second quarter.
• Insider trading showed mixed activity, with EVP Eric Mcgee buying 1,148 shares while EVP David Keefauver sold 989 shares, indicating shifts in executive confidence regarding the stock.
• Analysts have varying outlooks for J.B. Hunt, with Barclays raising its price target to $150 and others adjusting targets, reflecting a consensus rating of "Moderate Buy" with an average target of $165.55.

Sagespring Wealth Partners LLC bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 1,539 shares of the transportation company's stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Securities Group LLC raised its position in shares of J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock worth $29,000 after acquiring an additional 196 shares in the last quarter. Allworth Financial LP raised its position in shares of J.B. Hunt Transport Services by 167.0% in the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after acquiring an additional 147 shares in the last quarter. National Pension Service raised its position in shares of J.B. Hunt Transport Services by 74.9% in the 1st quarter. National Pension Service now owns 306 shares of the transportation company's stock worth $45,000 after acquiring an additional 131 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company's stock worth $45,000 after acquiring an additional 88 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after acquiring an additional 109 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Eric Mcgee bought 1,148 shares of the business's stock in a transaction dated Monday, August 4th. The shares were purchased at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president directly owned 7,397 shares of the company's stock, valued at approximately $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Keefauver sold 989 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the transaction, the executive vice president owned 946 shares in the company, valued at $143,763.62. The trade was a 51.11% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JBHT. Barclays lifted their price objective on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Thursday. Susquehanna lowered their price objective on J.B. Hunt Transport Services from $157.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, September 24th. UBS Group boosted their target price on J.B. Hunt Transport Services from $157.00 to $174.00 and gave the company a "neutral" rating in a research report on Thursday. BMO Capital Markets boosted their target price on J.B. Hunt Transport Services from $172.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, The Goldman Sachs Group set a $164.00 target price on J.B. Hunt Transport Services in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $165.55.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $164.85 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a 50 day moving average price of $141.14 and a two-hundred day moving average price of $141.06. The firm has a market capitalization of $15.96 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.61 and a beta of 1.24. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.30. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The company's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 EPS. Equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services's payout ratio is currently 30.50%.

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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