NewEdge Advisors LLC Reduces Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

NewEdge Advisors LLC cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 49.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,614 shares of the transportation company’s stock after selling 2,545 shares during the period. NewEdge Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $554,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in JBHT. CYBER HORNET ETFs LLC purchased a new position in J.B. Hunt Transport Services in the second quarter worth about $31,000. International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services during the fourth quarter worth approximately $32,000. MUFG Securities EMEA plc purchased a new stake in J.B. Hunt Transport Services during the second quarter valued at approximately $34,000. CIBC Private Wealth Group LLC raised its position in J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares during the period. Finally, Activest Wealth Management lifted its stake in shares of J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 198 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Trading Up 0.4%

JBHT opened at $275.45 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50 day moving average price is $278.58 and its 200-day moving average price is $251.13. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The stock has a market cap of $25.87 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 1.72 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company earned $1.31 EPS. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the sale, the executive vice president owned 15,881 shares in the company, valued at $4,510,362.81. This trade represents a 8.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the executive vice president directly owned 790 shares of the company’s stock, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the topic of several analyst reports. Barclays boosted their target price on J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Stephens lifted their price objective on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Raymond James Financial boosted their price objective on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Finally, Zacks Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $286.30.

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.