J.B. Hunt Transport Services, Inc. $JBHT is Eldred Rock Partners LLC’s 5th Largest Position

Eldred Rock Partners LLC increased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 84,910 shares of the transportation company’s stock after acquiring an additional 5,167 shares during the quarter. J.B. Hunt Transport Services comprises 5.3% of Eldred Rock Partners LLC’s holdings, making the stock its 5th largest position. Eldred Rock Partners LLC’s holdings in J.B. Hunt Transport Services were worth $24,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC boosted its holdings in shares of J.B. Hunt Transport Services by 500.0% in the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 125 shares during the period. International Assets Investment Management LLC purchased a new position in J.B. Hunt Transport Services during the 4th quarter worth $32,000. Whittier Trust Co. raised its position in J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 50 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after buying an additional 48 shares during the period. Finally, Activest Wealth Management lifted its holdings in shares of J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after buying an additional 198 shares during the period. Institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on JBHT shares. Susquehanna set a $345.00 price target on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Weiss Ratings raised shares of J.B. Hunt Transport Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Morgan Stanley reiterated an “underweight” rating and set a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. The Goldman Sachs Group set a $261.00 target price on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, UBS Group upped their price target on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.

J.B. Hunt Transport Services Trading Up 0.5%

JBHT opened at $268.52 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm has a market cap of $25.22 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 1.68 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The stock has a fifty day moving average price of $280.35 and a 200-day moving average price of $246.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company earned $1.31 earnings per share. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is presently 25.50%.

Insiders Place Their Bets

In other news, EVP Brian Webb sold 1,500 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradley W. Hicks sold 7,644 shares of J.B. Hunt Transport Services stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 23,982 shares in the company, valued at approximately $6,281,125.62. The trade was a 24.17% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 15,847 shares of company stock worth $4,162,861. Insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.