Focus Partners Advisor Solutions LLC Buys 4,834 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Focus Partners Advisor Solutions LLC boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 349.8% in the second quarter, HoldingsChannel reports. The firm owned 6,216 shares of the transportation company’s stock after acquiring an additional 4,834 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in J.B. Hunt Transport Services were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Summit Securities Group LLC grew its position in J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock worth $29,000 after purchasing an additional 196 shares during the period. Private Trust Co. NA grew its position in J.B. Hunt Transport Services by 57.8% in the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after purchasing an additional 74 shares during the period. Allworth Financial LP grew its position in J.B. Hunt Transport Services by 167.0% in the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock worth $35,000 after purchasing an additional 147 shares during the period. National Pension Service grew its position in J.B. Hunt Transport Services by 74.9% in the 1st quarter. National Pension Service now owns 306 shares of the transportation company’s stock worth $45,000 after purchasing an additional 131 shares during the period. Finally, Farther Finance Advisors LLC grew its position 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 valued at $45,000 after acquiring an additional 88 shares during the period. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.7%

JBHT opened at $166.56 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The firm’s fifty day moving average is $144.44 and its 200 day moving average is $142.67. The stock has a market cap of $15.86 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 2.31 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.46 by $0.30. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.49 EPS. On average, sell-side 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be paid a $0.44 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.76 annualized dividend and a yield of 1.1%. J.B. Hunt Transport Services’s payout ratio is presently 30.50%.

J.B. Hunt Transport Services announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, October 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of recent research reports. Stephens reissued an “overweight” rating and set a $180.00 price objective on shares of J.B. Hunt Transport Services in a research report on Thursday, October 16th. TD Cowen boosted their price objective on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the company a “hold” rating in a research report on Thursday, October 16th. The Goldman Sachs Group set a $164.00 price objective on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Bank of America boosted their price objective on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Finally, Morgan Stanley boosted their price objective on shares of J.B. Hunt Transport Services from $145.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $166.30.

Insider Buying and Selling

In related news, EVP Eric Mcgee purchased 1,148 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were acquired at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president directly owned 7,397 shares in the company, valued at $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by insiders.

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.