Vise Technologies Inc. Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Vise Technologies initiated a position in J.B. Hunt Transport Services during the second quarter, purchasing 4,374 shares valued at approximately $1.27 million. Institutional investors and hedge funds collectively own 74.95% of the company.
• J.B. Hunt reported strong quarterly results, with EPS of $1.91 exceeding estimates of $1.71 and revenue rising 19.4% year over year to $3.50 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $286.30.
• The company declared a quarterly dividend of $0.45 per share, equivalent to $1.80 annually and a 0.7% yield. Two executive vice presidents also sold shares in June, while insiders own 2.50% of the stock.

Vise Technologies Inc. purchased a new position 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 disclosure with the SEC. The institutional investor purchased 4,374 shares of the transportation company's stock, valued at approximately $1,266,000.

Several other large investors have also made changes to their positions in the company. Sivia Capital Partners LLC acquired a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $539,000. Bank of America Corp DE boosted its stake in J.B. Hunt Transport Services by 2.4% in the first quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company's stock valued at $96,332,000 after buying an additional 10,664 shares in the last quarter. HighTower Advisors LLC boosted its stake in J.B. Hunt Transport Services by 71.7% in the fourth quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company's stock valued at $1,882,000 after buying an additional 4,043 shares in the last quarter. BlackRock Inc. acquired a new stake in J.B. Hunt Transport Services in the second quarter valued at about $1,833,602,000. Finally, Greenwood Gearhart Inc. grew its position in J.B. Hunt Transport Services by 4.3% in the fourth quarter. Greenwood Gearhart Inc. now owns 201,839 shares of the transportation company's stock valued at $39,225,000 after acquiring an additional 8,270 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Insiders Place Their Bets

In related news, EVP David Keefauver sold 703 shares of the business's stock in a transaction 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 sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brian Webb sold 1,500 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the sale, the executive vice president owned 15,881 shares of the company's stock, valued at $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on JBHT shares. TD Cowen increased their target price on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a "hold" rating in a report on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Evercore reiterated an "outperform" rating and set a $248.00 price objective on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Stephens increased their price objective on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $200.00 price objective (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $286.30.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $275.45 on Friday. The business has a 50 day moving average of $278.58 and a 200-day moving average of $251.13. The company has a market capitalization of $25.87 billion, a P/E ratio of 39.02, a P/E/G ratio of 1.73 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 debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26.

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

J.B. Hunt Transport Services Dividend Announcement

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

J.B. Hunt Transport Services 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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