J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 35.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,345 shares of the transportation company’s stock after purchasing an additional 2,443 shares during the period. Guggenheim Capital LLC’s holdings in J.B. Hunt Transport Services were worth $1,640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBHT. Vanguard Group Inc. lifted its stake in shares of J.B. Hunt Transport Services by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 9,684,870 shares of the transportation company’s stock worth $1,944,626,000 after acquiring an additional 64,061 shares during the period. Morgan Stanley lifted its stake in shares of J.B. Hunt Transport Services by 269.1% in the 4th quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock worth $413,514,000 after acquiring an additional 1,728,989 shares during the period. Geode Capital Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 1,772,610 shares of the transportation company’s stock worth $308,537,000 after acquiring an additional 35,137 shares during the period. Victory Capital Management Inc. lifted its stake in shares of J.B. Hunt Transport Services by 16.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,581,785 shares of the transportation company’s stock worth $277,540,000 after acquiring an additional 221,999 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of J.B. Hunt Transport Services by 0.5% in the 4th quarter. American Century Companies Inc. now owns 1,157,122 shares of the transportation company’s stock worth $201,756,000 after acquiring an additional 5,285 shares during the period. 73.09% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $187.88 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $19.42 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 1.61 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 12 month low of $156.28 and a 12 month high of $209.21. The firm has a 50 day moving average of $191.43 and a two-hundred day moving average of $180.90.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, July 18th. The transportation company reported $1.81 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.09). The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 23.06% and a net margin of 6.19%. The business’s revenue was down 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.42 earnings per share. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.72 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio is currently 20.51%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on JBHT shares. Susquehanna reduced their price target on shares of J.B. Hunt Transport Services from $195.00 to $193.00 in a research note on Wednesday, July 19th. Wells Fargo & Company boosted their price target on shares of J.B. Hunt Transport Services from $200.00 to $210.00 in a report on Wednesday, July 19th. Barclays boosted their price target on shares of J.B. Hunt Transport Services from $200.00 to $210.00 in a report on Tuesday, July 18th. UBS Group boosted their price target on shares of J.B. Hunt Transport Services from $162.00 to $172.00 and gave the company a “sell” rating in a report on Wednesday, July 19th. Finally, Evercore ISI boosted their price target on shares of J.B. Hunt Transport Services from $191.00 to $195.00 in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $195.30.

Insider Buying and Selling

In related news, COO Nicholas Hobbs sold 3,716 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $198.78, for a total transaction of $738,666.48. Following the completion of the sale, the chief operating officer now directly owns 79,471 shares of the company’s stock, valued at approximately $15,797,245.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Darren P. Field sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $204.35, for a total transaction of $510,875.00. Following the completion of the sale, the executive vice president now directly owns 11,810 shares of the company’s stock, valued at approximately $2,413,373.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Nicholas Hobbs sold 3,716 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $198.78, for a total transaction of $738,666.48. Following the sale, the chief operating officer now directly owns 79,471 shares of the company’s stock, valued at $15,797,245.38. The disclosure for this sale can be found here. In the last three months, insiders sold 11,502 shares of company stock valued at $2,284,358. Company insiders own 3.10% of the company’s stock.

J.B. Hunt Transport Services Profile

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.