OneDigital Investment Advisors LLC Invests $8.92 Million in J.B. Hunt Transport Services, Inc. $JBHT

OneDigital Investment Advisors LLC purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 30,818 shares of the transportation company’s stock, valued at approximately $8,920,000.

Other institutional investors and hedge funds have also 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 buying an additional 6,668 shares during the last quarter. Goldman Sachs Group Inc. raised its position in J.B. Hunt Transport Services by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after buying an additional 13,729 shares during the last quarter. Empowered Funds LLC raised its position in J.B. Hunt Transport Services by 27.8% in the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after buying an additional 385 shares during the last quarter. Sivia Capital Partners LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter valued at about $539,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of J.B. Hunt Transport Services by 21.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after acquiring an additional 101 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction on 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 owned 15,881 shares in the company, valued at $4,510,362.81. The trade was a 8.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Keefauver sold 703 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the sale, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,203 shares of company stock worth $1,142,861. 2.50% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $279.71 on Monday. The company has a 50 day simple moving average of $279.67 and a two-hundred day simple moving average of $248.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $26.27 billion, a P/E ratio of 39.62, a PEG ratio of 1.76 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $299.76.

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

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio is currently 25.50%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JBHT. Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Wall Street Zen raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Morgan Stanley reissued an “underweight” rating and set a $200.00 price target (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 price target on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $286.30.

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.