Woodline Partners LP Buys 12,323 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Woodline Partners LP increased its holdings in J.B. Hunt Transport Services by 23.1%, acquiring an additional 12,323 shares during the first quarter, bringing its total to 65,660 shares valued at approximately $9.71 million.
• In the first quarter, other institutional investors also boosted their positions, with 74.95% of the company's stock now held by hedge funds and institutional investors.
• The company's stock is currently rated as a Moderate Buy by analysts, with a consensus price target of $165.00, indicating potential upside from current levels.

Woodline Partners LP increased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 23.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,660 shares of the transportation company's stock after buying an additional 12,323 shares during the quarter. Woodline Partners LP owned 0.07% of J.B. Hunt Transport Services worth $9,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Exchange Traded Concepts LLC boosted its holdings in shares of J.B. Hunt Transport Services by 13.2% in the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock worth $108,000 after buying an additional 85 shares during the last quarter. Man Group plc boosted its holdings in shares of J.B. Hunt Transport Services by 0.9% in the fourth quarter. Man Group plc now owns 11,165 shares of the transportation company's stock worth $1,905,000 after buying an additional 98 shares during the last quarter. Trust Investment Advisors boosted its holdings in shares of J.B. Hunt Transport Services by 2.3% in the first quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company's stock worth $695,000 after buying an additional 104 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of J.B. Hunt Transport Services by 49.3% in the first 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 last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

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

In other J.B. Hunt Transport Services news, EVP Eric Mcgee purchased 1,148 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the transaction, the executive vice president owned 7,397 shares of the company's stock, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David Keefauver sold 989 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares in the company, valued at $143,763.62. This represents 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

A number of equities analysts recently issued reports on JBHT shares. The Goldman Sachs Group set a $164.00 price objective on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Stifel Nicolaus lowered their price target on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating on the stock in a report on Wednesday, July 16th. Citigroup reaffirmed a "buy" rating and set a $170.00 price target (down previously from $175.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Barclays lifted their price target on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Morgan Stanley lowered their price target on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. 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 stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and an average price target of $165.00.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $141.45 on Friday. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The company's fifty day moving average price is $145.94 and its 200-day moving average price is $143.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $13.69 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.93 billion. During the same period last year, the firm posted $1.32 EPS. J.B. Hunt Transport Services's quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services's payout ratio is currently 32.00%.

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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