Inceptionr LLC Invests $304,000 in J.B. Hunt Transport Services, Inc. $JBHT

Inceptionr LLC acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,118 shares of the transportation company’s stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in JBHT. Avantax Advisory Services Inc. lifted its stake in J.B. Hunt Transport Services by 9.4% during the first quarter. Avantax Advisory Services Inc. now owns 4,726 shares of the transportation company’s stock worth $699,000 after purchasing an additional 406 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of J.B. Hunt Transport Services by 104.2% during the 1st quarter. Cetera Investment Advisers now owns 17,319 shares of the transportation company’s stock worth $2,562,000 after buying an additional 8,839 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of J.B. Hunt Transport Services by 7.7% during the 1st quarter. Mackenzie Financial Corp now owns 9,411 shares of the transportation company’s stock worth $1,392,000 after buying an additional 672 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of J.B. Hunt Transport Services during the 1st quarter worth $583,000. Finally, J. Safra Sarasin Holding AG boosted its stake in J.B. Hunt Transport Services by 78.6% in the first quarter. J. Safra Sarasin Holding AG now owns 3,328 shares of the transportation company’s stock valued at $492,000 after buying an additional 1,465 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on JBHT shares. JPMorgan Chase & Co. boosted their target price on J.B. Hunt Transport Services from $170.00 to $176.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Barclays upped their price objective on shares of J.B. Hunt Transport Services from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 16th. Citigroup dropped their price objective on shares of J.B. Hunt Transport Services from $170.00 to $163.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Sanford C. Bernstein set a $172.00 target price on shares of J.B. Hunt Transport Services in a research note on Thursday, October 16th. Finally, Wells Fargo & Company increased their price target on J.B. Hunt Transport Services from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.30.

J.B. Hunt Transport Services Trading Up 0.3%

Shares of NASDAQ JBHT opened at $173.95 on Friday. The firm has a 50 day moving average price of $156.46 and a two-hundred day moving average price of $148.26. The stock has a market cap of $16.56 billion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 2.33 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $192.42. 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 (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.30. The company 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%. J.B. Hunt Transport Services’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 earnings per share. As a group, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, November 7th. J.B. Hunt Transport Services’s payout ratio is 30.50%.

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

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

In other news, EVP Darren P. Field sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the completion of the transaction, the executive vice president directly owned 12,976 shares in the company, valued at $2,192,944. This trade represents a 33.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services 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.