AdvisorNet Financial Inc Buys 73 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

AdvisorNet Financial Inc increased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 823 shares of the transportation company’s stock after acquiring an additional 73 shares during the period. AdvisorNet Financial Inc’s holdings in J.B. Hunt Transport Services were worth $130,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Mackenzie Financial Corp grew its holdings in shares of J.B. Hunt Transport Services by 0.9% in the first quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock valued at $1,264,000 after acquiring an additional 56 shares in the last quarter. Krane Funds Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 3.1% in the first quarter. Krane Funds Advisors LLC now owns 1,935 shares of the transportation company’s stock valued at $389,000 after acquiring an additional 59 shares in the last quarter. Yousif Capital Management LLC lifted its stake in J.B. Hunt Transport Services by 0.5% in the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock valued at $2,661,000 after purchasing an additional 60 shares during the last quarter. Advisor Partners LLC lifted its stake in J.B. Hunt Transport Services by 1.7% in the first quarter. Advisor Partners LLC now owns 3,861 shares of the transportation company’s stock valued at $775,000 after purchasing an additional 63 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in J.B. Hunt Transport Services by 0.3% in the first quarter. State of Michigan Retirement System now owns 21,195 shares of the transportation company’s stock valued at $4,256,000 after purchasing an additional 65 shares during the last quarter. 73.87% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Down 1.2 %

JBHT opened at $165.22 on Thursday. The stock has a market cap of $17.15 billion, a PE ratio of 18.63, a P/E/G ratio of 1.18 and a beta of 1.13. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.92 and a 52 week high of $218.18. The business’s fifty day simple moving average is $177.99 and its 200 day simple moving average is $177.04.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last released its earnings results on Tuesday, July 19th. The transportation company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.07. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.61 billion. J.B. Hunt Transport Services had a return on equity of 29.82% and a net margin of 6.73%. The firm’s revenue was up 31.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 earnings per share. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 9.61 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 5th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, August 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 18.04%.

Wall Street Analysts Forecast Growth

JBHT has been the topic of several research analyst reports. Raymond James upped their price objective on J.B. Hunt Transport Services from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 20th. Credit Suisse Group upped their price objective on J.B. Hunt Transport Services from $178.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, July 20th. Evercore ISI upped their price objective on J.B. Hunt Transport Services from $207.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 20th. Wells Fargo & Company upped their price objective on J.B. Hunt Transport Services from $183.00 to $196.00 in a research note on Wednesday, July 20th. Finally, Cowen increased their target price on J.B. Hunt Transport Services from $188.00 to $193.00 in a research report on Wednesday, July 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $203.63.

Insider Activity

In related news, EVP Eric Mcgee acquired 210 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, September 7th. The shares were purchased at an average cost of $167.75 per share, with a total value of $35,227.50. Following the completion of the purchase, the executive vice president now owns 611 shares of the company’s stock, valued at $102,495.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Darren P. Field sold 2,200 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $179.85, for a total transaction of $395,670.00. Following the transaction, the executive vice president now directly owns 9,058 shares of the company’s stock, valued at $1,629,081.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eric Mcgee acquired 210 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, September 7th. The shares were bought at an average cost of $167.75 per share, for a total transaction of $35,227.50. Following the completion of the purchase, the executive vice president now directly owns 611 shares of the company’s stock, valued at approximately $102,495.25. The disclosure for this purchase can be found here. Insiders own 3.10% of the company’s stock.

About J.B. Hunt Transport Services

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J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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