8,787 Shares in J.B. Hunt Transport Services, Inc. $JBHT Purchased by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the first quarter, Holdings Channel reports. The institutional investor bought 8,787 shares of the transportation company’s stock, valued at approximately $1,862,000.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of J.B. Hunt Transport Services by 74.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after purchasing an additional 6,668 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in J.B. Hunt Transport Services by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after purchasing an additional 13,729 shares during the period. Empowered Funds LLC boosted its position in J.B. Hunt Transport Services by 27.8% during the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after purchasing an additional 385 shares during the period. Sivia Capital Partners LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth $539,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in J.B. Hunt Transport Services by 21.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock worth $84,000 after buying an additional 101 shares during the period. Institutional investors own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In related news, insider Bradley W. Hicks sold 7,644 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the transaction, the insider directly owned 23,982 shares of the company’s stock, valued at $6,281,125.62. The trade was a 24.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the sale, the executive vice president owned 15,881 shares in the company, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,119 shares of company stock worth $4,736,095 in the last quarter. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

JBHT has been the subject of several analyst reports. TD Cowen boosted their price target on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Barclays boosted their target price on shares of J.B. Hunt Transport Services from $235.00 to $270.00 and gave the company an “equal weight” rating in a research note on Thursday. Weiss Ratings lowered shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Wells Fargo & Company lifted their price target on J.B. Hunt Transport Services from $250.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Finally, Citigroup boosted their price objective on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $237.70.

J.B. Hunt Transport Services Stock Up 2.1%

J.B. Hunt Transport Services stock opened at $274.68 on Friday. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $293.54. The stock has a market cap of $25.90 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 2.00 and a beta of 1.30. The company’s 50-day moving average price is $262.20 and its two-hundred day moving average price is $228.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 EPS. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.86%.

About J.B. Hunt Transport Services

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.