Callan Family Office LLC Buys Shares of 4,474 J.B. Hunt Transport Services, Inc. $JBHT

Callan Family Office LLC purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 4,474 shares of the transportation company’s stock, valued at approximately $1,295,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $31,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $34,000. CIBC Private Wealth Group LLC lifted its stake in J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after buying an additional 48 shares in the last quarter. Finally, Activest Wealth Management boosted its stake in 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 purchasing an additional 198 shares during the period. 74.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JBHT shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. JPMorgan Chase & Co. boosted their target price on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Citizens Jmp started coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Susquehanna set a $345.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Finally, Citigroup restated a “market perform” rating on shares of J.B. Hunt Transport Services in a research note on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $275.45 on Monday. 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 50-day moving average price of $278.58 and a two-hundred day moving average price of $251.41. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $299.76. The stock has a market capitalization of $25.87 billion, a PE ratio of 39.02, a PEG ratio of 1.73 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping 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 return on equity of 18.75% and a net margin of 5.31%.The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 EPS. As a group, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 25.50%.

Insiders Place Their Bets

In other news, EVP David Keefauver sold 703 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president owned 790 shares of the company’s stock, valued at $225,252.70. This represents a 47.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the 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 completion of the transaction, the executive vice president directly owned 15,881 shares in the company, valued at $4,510,362.81. The trade was a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.50% of the company’s stock.

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.