Venturi Wealth Management LLC Takes $300,000 Position in J.B. Hunt Transport Services, Inc. $JBHT

Venturi Wealth Management LLC bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, HoldingsChannel reports. The fund bought 2,090 shares of the transportation company’s stock, valued at approximately $300,000.

Several other large investors have also recently made changes to their positions in JBHT. Summit Securities Group LLC increased its position in shares of J.B. Hunt Transport Services by 19,600.0% during the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 196 shares during the last quarter. Allworth Financial LP grew its stake in shares of J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock worth $35,000 after acquiring an additional 147 shares during the period. National Pension Service grew its stake in shares of J.B. Hunt Transport Services by 74.9% during the 1st quarter. National Pension Service now owns 306 shares of the transportation company’s stock worth $45,000 after acquiring an additional 131 shares during the period. Farther Finance Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 38.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after acquiring an additional 88 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in shares of J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock worth $49,000 after acquiring an additional 109 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on JBHT shares. Citigroup reiterated a “buy” rating and set a $170.00 price target (down previously from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. Bank of America cut their price target on J.B. Hunt Transport Services from $171.00 to $153.00 and set a “buy” rating for the company in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a research note on Wednesday. Robert W. Baird began coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They set an “outperform” rating and a $169.00 price target for the company. Finally, Wells Fargo & Company reduced their target price on J.B. Hunt Transport Services from $163.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.00.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $137.09 on Friday. The company has a market cap of $13.27 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $140.30 and a 200-day moving average price of $141.11. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS. As a group, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 32.00%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee purchased 1,148 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares in the company, valued at $1,041,201.72. The trade was a 18.37% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president owned 946 shares of the company’s stock, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.