47,115 Shares in J.B. Hunt Transport Services, Inc. $JBHT Acquired by SummitTX Capital L.P.

SummitTX Capital L.P. acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 47,115 shares of the transportation company’s stock, valued at approximately $9,984,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of J.B. Hunt Transport Services by 74.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after purchasing an additional 6,668 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in J.B. Hunt Transport Services by 3.3% during the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after buying an additional 13,729 shares during the last quarter. Empowered Funds LLC boosted its stake in J.B. Hunt Transport Services by 27.8% during the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after buying an additional 385 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $539,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in J.B. Hunt Transport Services by 21.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $288.30 on Monday. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $299.76. The stock has a market cap of $27.19 billion, a PE ratio of 40.84, a P/E/G ratio of 1.82 and a beta of 1.29. The firm has a 50-day simple moving average of $278.74 and a two-hundred day simple moving average of $241.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.71 by $0.20. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 EPS. As a group, analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.71 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is presently 25.50%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the sale, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. This represents a 47.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradley W. Hicks sold 7,644 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the sale, the insider directly owned 23,982 shares in the company, valued at $6,281,125.62. This represents a 24.17% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 15,847 shares of company stock worth $4,162,861. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JBHT. Susquehanna set a $345.00 price target on J.B. Hunt Transport Services in a report on Thursday, July 16th. Bank of America upped their price objective on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Wells Fargo & Company raised their price objective on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Citizens Jmp began coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Stephens increased their price target on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Company 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.