Trillium Asset Management LLC Takes $28.67 Million Position in J.B. Hunt Transport Services, Inc. $JBHT

Trillium Asset Management LLC purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 99,058 shares of the transportation company's stock, valued at approximately $28,671,000. Trillium Asset Management LLC owned about 0.11% of J.B. Hunt Transport Services at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. CYBER HORNET ETFs LLC purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $31,000. International Assets Investment Management LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $32,000. MUFG Securities EMEA plc acquired a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $34,000. CIBC Private Wealth Group LLC boosted 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 during the period. Finally, Activest Wealth Management grew its position in 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 worth $39,000 after purchasing an additional 198 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $274.47 on Friday. The firm has a market cap of $25.78 billion, a price-to-earnings ratio of 38.88, a P/E/G ratio of 1.71 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $278.86 and a 200 day simple moving average of $250.96.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The business's quarterly revenue was up 19.4% compared to the same quarter last year. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a $0.45 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. J.B. Hunt Transport Services's dividend payout ratio is currently 25.50%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Zacks Research upgraded J.B. Hunt Transport Services from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Raymond James Financial upped their price target 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. BMO Capital Markets reissued an "outperform" rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Wall Street Zen upgraded J.B. Hunt Transport Services from a "hold" rating to a "buy" rating in a research report on Sunday, June 7th. Finally, UBS Group lifted their target price 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. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $286.30.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the business's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the executive vice president owned 15,881 shares in the company, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.50% of the company's stock.

J.B. Hunt Transport Services Company Profile

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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