Sivia Capital Partners LLC Invests $539,000 in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Sivia Capital Partners LLC invested $539,000 in J.B. Hunt Transport Services, purchasing 3,755 shares in the 2nd quarter, highlighting increased institutional interest in the company.
• Analysts have mixed reviews on J.B. Hunt, with price targets ranging from $145.00 to $171.00 and a consensus rating of "Moderate Buy" based on multiple updates.
• J.B. Hunt reported an earnings miss for the last quarter, posting $1.31 EPS compared to a forecast of $1.34 EPS, while revenue was flat year-over-year at $2.93 billion.

Sivia Capital Partners LLC purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,755 shares of the transportation company's stock, valued at approximately $539,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JBHT. Summit Securities Group LLC boosted 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 purchasing an additional 196 shares during the last quarter. Allworth Financial LP raised its stake in J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after buying an additional 147 shares during the period. National Pension Service raised its stake in J.B. Hunt Transport Services by 74.9% during the 1st quarter. National Pension Service now owns 306 shares of the transportation company's stock worth $45,000 after buying an additional 131 shares during the period. TD Private Client Wealth LLC raised its stake 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 buying an additional 109 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in J.B. Hunt Transport Services by 34.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company's stock worth $71,000 after buying an additional 123 shares during the period. 74.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on JBHT shares. Barclays lifted their price target on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Baird R W raised J.B. Hunt Transport Services to a "strong-buy" rating in a research note on Tuesday, July 1st. Bank of America dropped their price target on J.B. Hunt Transport Services from $171.00 to $153.00 and set a "buy" rating on the stock in a research note on Tuesday. Morgan Stanley dropped their price target on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Finally, Citigroup reissued a "buy" rating and issued a $170.00 price target (down previously from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $164.14.

J.B. Hunt Transport Services Trading Up 1.1%

Shares of NASDAQ:JBHT opened at $137.80 on Wednesday. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The stock has a market cap of $13.34 billion, a PE ratio of 25.05, a P/E/G ratio of 2.11 and a beta of 1.28. The business has a 50 day moving average of $145.09 and a 200-day moving average of $143.22. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. The company's revenue was up .0% on a year-over-year basis. As a group, equities research analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, August 8th. This represents a $1.76 annualized dividend and a yield of 1.3%. J.B. Hunt Transport Services's dividend payout ratio is presently 32.00%.

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

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

About J.B. Hunt Transport Services

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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