Wick Capital Partners LLC Purchases New Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Wick Capital Partners LLC acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,491 shares of the transportation company’s stock, valued at approximately $484,000.

Several other large investors also recently added to or reduced their stakes in JBHT. Compound Planning Inc. purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at $282,000. Corient Private Wealth LLC boosted its position in shares of J.B. Hunt Transport Services by 19.5% in the fourth quarter. Corient Private Wealth LLC now owns 503,738 shares of the transportation company’s stock worth $97,896,000 after buying an additional 82,084 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of J.B. Hunt Transport Services by 27.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 49,865 shares of the transportation company’s stock valued at $9,691,000 after buying an additional 10,753 shares in the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of J.B. Hunt Transport Services by 119.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 20,470 shares of the transportation company’s stock valued at $4,150,000 after buying an additional 11,140 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in J.B. Hunt Transport Services during the fourth quarter valued at $827,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays increased their price objective on J.B. Hunt Transport Services from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Benchmark lifted their target price on J.B. Hunt Transport Services from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Truist Financial upped their target price on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Stifel Nicolaus increased their price target on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, April 2nd. Finally, Robert W. Baird raised their price target on shares of J.B. Hunt Transport Services from $275.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average price target of $236.17.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the transaction, the executive vice president owned 4,604 shares in the company, valued at $1,188,752.80. This represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president owned 15,881 shares in the company, valued at $4,510,362.81. This represents a 8.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,119 shares of company stock worth $4,736,095 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Stock Up 1.5%

Shares of J.B. Hunt Transport Services stock opened at $271.22 on Friday. The firm has a market cap of $25.58 billion, a price-to-earnings ratio of 41.98, a P/E/G ratio of 1.99 and a beta of 1.30. The stock has a 50-day simple moving average of $257.73 and a 200-day simple moving average of $225.70. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $293.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is currently 27.86%.

J.B. Hunt Transport Services Profile

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.