J.B. Hunt Transport Services, Inc. $JBHT Stock Holdings Increased by HB Wealth Management LLC

HB Wealth Management LLC raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 48.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,812 shares of the transportation company’s stock after purchasing an additional 2,235 shares during the quarter. HB Wealth Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,444,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at approximately $31,000. International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services during the fourth quarter worth $32,000. MUFG Securities EMEA plc acquired a new position in J.B. Hunt Transport Services in the second quarter worth $34,000. Whittier Trust Co. increased its stake in J.B. Hunt Transport Services by 39.1% during the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 50 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of 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 worth $37,000 after purchasing an additional 48 shares during the period. Institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs sold 1,272 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total transaction of $318,954.00. Following the completion of the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at $23,002,802. The trade was a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradley W. Hicks sold 7,644 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $261.91, for a total value of $2,002,040.04. Following the transaction, the insider owned 23,982 shares of the company’s stock, valued at approximately $6,281,125.62. This trade represents a 24.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 18,119 shares of company stock worth $4,736,095. Corporate insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $275.00 on Wednesday. The stock has a market cap of $25.93 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $294.98. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $268.45 and a 200-day simple moving average of $233.70.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.J.B. Hunt Transport Services’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.86%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JBHT. Argus set a $285.00 price objective on shares of J.B. Hunt Transport Services in a research report on Monday, April 20th. Stifel Nicolaus raised their price target on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, April 2nd. Citigroup upped their price objective on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Susquehanna raised their price target on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the company a “positive” rating in a research note on Wednesday, April 22nd. Finally, BMO Capital Markets increased their price target on J.B. Hunt Transport Services from $250.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $240.74.

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.