Wealth High Governance Capital Ltda Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Wealth High Governance Capital Ltda initiated a $7.99 million position in J.B. Hunt Transport Services, buying 27,601 shares. Institutional investors collectively own 74.95% of the company.
• Analyst sentiment is positive, with a consensus “Moderate Buy” rating and an average price target of $286.30; Benchmark raised its target to $300 and Zacks upgraded the stock to “strong buy.”
• J.B. Hunt exceeded quarterly expectations, reporting $1.91 in EPS and $3.50 billion in revenue, with revenue up 19.4% year over year. The company also declared a $0.45 quarterly dividend, equivalent to a 0.7% annual yield.

Wealth High Governance Capital Ltda bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 27,601 shares of the transportation company's stock, valued at approximately $7,989,000. J.B. Hunt Transport Services makes up 2.4% of Wealth High Governance Capital Ltda's investment portfolio, making the stock its 22nd biggest position.

Other institutional investors also recently bought and sold shares of the company. Sivia Capital Partners LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $539,000. Bank of America Corp DE boosted its holdings in shares of J.B. Hunt Transport Services by 2.4% in the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company's stock worth $96,332,000 after purchasing an additional 10,664 shares during the period. HighTower Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 71.7% during the 4th quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company's stock valued at $1,882,000 after purchasing an additional 4,043 shares during the last quarter. BlackRock Inc. purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $1,833,602,000. Finally, Greenwood Gearhart Inc. boosted its stake in shares of J.B. Hunt Transport Services by 4.3% during the 4th quarter. Greenwood Gearhart Inc. now owns 201,839 shares of the transportation company's stock worth $39,225,000 after purchasing an additional 8,270 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JBHT has been the topic of several recent analyst reports. The Goldman Sachs Group set a $261.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Benchmark upped their target price on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Weiss Ratings upgraded shares of J.B. Hunt Transport Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 18th. Citizens Jmp began coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, July 15th. They issued a "market perform" rating on the stock. Finally, Zacks Research raised J.B. Hunt Transport Services from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $286.30.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $275.45 on Monday. The stock has a 50-day simple moving average of $278.58 and a two-hundred day simple moving average of $251.41. The firm has a market capitalization of $25.87 billion, a P/E ratio of 39.02, a PEG ratio of 1.73 and a beta of 1.30. 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 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 issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.20. The firm had revenue of $3.50 billion for 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 company's revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 earnings per share. On average, equities analysts forecast 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 business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was 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 payout ratio is presently 25.50%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the company's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president owned 15,881 shares in the company, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David Keefauver sold 703 shares of the firm's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the sale, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. The trade was a 47.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.50% of the company's stock.

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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