Evolve Private Wealth LLC Makes New $3.37 Million Investment in J.B. Hunt Transport Services, Inc. $JBHT

Evolve Private Wealth LLC purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, HoldingsChannel.com reports. The fund purchased 11,629 shares of the transportation company’s stock, valued at approximately $3,366,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JBHT. CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services during the 4th quarter worth about $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $34,000. CIBC Private Wealth Group LLC raised its stake 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 valued at $37,000 after purchasing 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 fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on JBHT shares. Stephens increased their price objective on J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. BMO Capital Markets restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Raymond James Financial raised their price target on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Finally, Evercore reiterated an “outperform” rating and issued a $248.00 price objective on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $286.30.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $275.45 on Friday. The stock has a 50 day moving average price of $278.58 and a 200 day moving average price of $251.13. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $25.87 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the business earned $1.31 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 19.4% compared to the same quarter last year. Analysts predict 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 703 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the transaction, the executive vice president directly owned 790 shares of the company’s stock, valued at approximately $225,252.70. The trade was a 47.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian Webb sold 1,500 shares of the 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 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 position. The disclosure for this sale is available in the SEC filing. Insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services 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.