Rakuten Investment Management Inc. Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Rakuten Investment Management Inc. acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,253 shares of the transportation company’s stock, valued at approximately $3,528,000.

A number of other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at about $10,248,000. United Capital Financial Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $553,000. Equitable Holdings Inc. bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $342,000. Formula Growth Ltd. purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $2,026,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at approximately $3,042,000. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $261.03 on Monday. The stock’s 50 day moving average is $277.33 and its 200 day moving average is $252.69. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The stock has a market cap of $24.51 billion, a PE ratio of 36.97, a P/E/G ratio of 1.64 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates 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 posted $1.31 EPS. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.45 per share. The ex-dividend date was Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is currently 25.50%.

Analyst Upgrades and Downgrades

JBHT has been the topic of a number of recent analyst reports. Robert W. Baird raised their target price on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Evercore reiterated an “outperform” rating and issued a $248.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Zacks Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Truist Financial increased their price objective on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Finally, Stephens raised their price objective on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Two equities 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $286.30.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services 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 directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David Keefauver sold 703 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. The trade was a 47.09% decrease in their position. The SEC filing for this sale provides additional information. Company 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.