Vise Technologies Inc. Buys 14,693 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Vise Technologies Inc. grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 335.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,067 shares of the transportation company’s stock after buying an additional 14,693 shares during the period. Vise Technologies Inc.’s holdings in J.B. Hunt Transport Services were worth $4,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Reyes Financial Architecture Inc. purchased a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth $26,000. Elevation Wealth Partners LLC boosted its holdings in 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 acquiring an additional 125 shares during the last quarter. Basecamp Wealth Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 250.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 155 shares during the last quarter. Parkside Financial Bank & Trust grew its position in J.B. Hunt Transport Services by 17.9% during the second quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 38 shares during the period. Finally, Sawyer & Company Inc purchased a new stake in J.B. Hunt Transport Services during the third quarter valued at about $67,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $224.64 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $20.94 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 1.86 and a beta of 1.26. The firm’s fifty day simple moving average is $240.17 and its 200 day simple moving average is $245.95. J.B. Hunt Transport Services, Inc. has a twelve month low of $157.82 and a twelve month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.01. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the company earned $1.76 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.25 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, November 6th. J.B. Hunt Transport Services’s payout ratio is currently 25.28%.

Analyst Upgrades and Downgrades

JBHT has been the subject of several research analyst reports. Weiss Ratings lowered J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, October 26th. Citigroup reaffirmed a “market outperform” rating on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. Morgan Stanley reaffirmed an “underweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. Citizens Jmp reiterated a “market outperform” rating and set a $300.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, October 16th. Finally, Stifel Nicolaus dropped their target price on shares of J.B. Hunt Transport Services from $292.00 to $289.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.76.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company’s principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.