IFP Advisors Inc Purchases 225 Shares of J.B. Hunt Transport Services, Inc. $JBHT

IFP Advisors Inc raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 24.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,153 shares of the transportation company’s stock after acquiring an additional 225 shares during the quarter. IFP Advisors Inc’s holdings in J.B. Hunt Transport Services were worth $166,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Callan Family Office LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $274,000. Vontobel Holding Ltd. boosted its position in J.B. Hunt Transport Services by 17.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 2,087 shares of the transportation company’s stock valued at $300,000 after acquiring an additional 312 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $300,000. KLP Kapitalforvaltning AS boosted its position in J.B. Hunt Transport Services by 1.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 28,495 shares of the transportation company’s stock valued at $4,092,000 after acquiring an additional 500 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $1,581,000. 74.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JBHT has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of J.B. Hunt Transport Services from $164.00 to $173.00 and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group set a $164.00 target price on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. BMO Capital Markets boosted their price objective on shares of J.B. Hunt Transport Services from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday. Benchmark boosted their price objective on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday. Finally, Stifel Nicolaus boosted their price objective on shares of J.B. Hunt Transport Services from $140.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $165.55.

J.B. Hunt Transport Services Trading Down 2.8%

Shares of JBHT stock opened at $164.85 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The firm has a fifty day moving average price of $141.14 and a 200-day moving average price of $141.14. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.68 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the firm posted $1.49 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 annualized dividend and a yield of 1.1%. J.B. Hunt Transport Services’s dividend payout ratio is currently 32.00%.

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

In other news, EVP Eric Mcgee bought 1,148 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $140.76 per share, with a total value of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Keefauver sold 989 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the transaction, the executive vice president directly owned 946 shares of the company’s stock, valued at $143,763.62. This represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

About J.B. Hunt Transport Services

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.