HB Wealth Management LLC Purchases New Holdings in J.B. Hunt Transport Services, Inc. $JBHT

HB Wealth Management LLC purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,698 shares of the transportation company’s stock, valued at approximately $244,000.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company’s stock valued at $1,486,670,000 after buying an additional 195,873 shares during the period. JPMorgan Chase & Co. raised its position in J.B. Hunt Transport Services by 14.6% during the first quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company’s stock valued at $718,015,000 after purchasing an additional 616,986 shares in the last quarter. Wellington Management Group LLP raised its position in J.B. Hunt Transport Services by 11.5% during the first quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company’s stock valued at $208,322,000 after purchasing an additional 144,666 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in J.B. Hunt Transport Services by 2.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,347,508 shares of the transportation company’s stock valued at $199,364,000 after purchasing an additional 27,871 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in J.B. Hunt Transport Services by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,201,423 shares of the transportation company’s stock valued at $177,738,000 after purchasing an additional 20,396 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America lowered their price objective on shares of J.B. Hunt Transport Services from $171.00 to $153.00 and set a “buy” rating for the company in a research report on Tuesday, September 16th. Morgan Stanley lowered their price objective on shares of J.B. Hunt Transport Services from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday. UBS Group downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and upped their price target for the stock from $155.00 to $157.00 in a report on Friday, September 5th. The Goldman Sachs Group set a $164.00 price target on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Finally, Barclays lowered their price target on shares of J.B. Hunt Transport Services from $145.00 to $135.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.00.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $140.00 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $13.55 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The firm’s fifty day simple moving average is $140.32 and its two-hundred day simple moving average is $141.22. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business’s revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $1.32 EPS. As a group, analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a yield of 1.3%. J.B. Hunt Transport Services’s dividend payout ratio is 32.00%.

Insiders Place Their Bets

In other news, EVP Eric Mcgee purchased 1,148 shares of the business’s stock in a transaction on Monday, August 4th. The shares were acquired at an average price of $140.76 per share, with a total value 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 $1,041,201.72. The trade was a 18.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Keefauver sold 989 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the transaction, the executive vice president directly owned 946 shares in the company, valued at $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.