Cookson Peirce & Co. Inc. Invests $670,000 in J.B. Hunt Transport Services, Inc. $JBHT

Cookson Peirce & Co. Inc. bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,315 shares of the transportation company’s stock, valued at approximately $670,000.

A number of other institutional investors and hedge funds also recently modified their holdings of JBHT. Wedbush Securities Inc. purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at $214,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in J.B. Hunt Transport Services by 64.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,056,398 shares of the transportation company’s stock worth $305,753,000 after purchasing an additional 414,837 shares in the last quarter. New Mexico Educational Retirement Board raised its holdings in J.B. Hunt Transport Services by 2.8% during the 2nd quarter. New Mexico Educational Retirement Board now owns 3,700 shares of the transportation company’s stock worth $1,071,000 after buying an additional 100 shares during the period. Mufg Securities Americas Inc. raised its holdings in J.B. Hunt Transport Services by 8.5% during the 2nd quarter. Mufg Securities Americas Inc. now owns 2,244 shares of the transportation company’s stock worth $649,000 after buying an additional 176 shares during the period. Finally, Nissay Asset Management Corp Japan lifted its stake in J.B. Hunt Transport Services by 2.3% during the second quarter. Nissay Asset Management Corp Japan now owns 10,265 shares of the transportation company’s stock valued at $2,971,000 after buying an additional 233 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $261.03 on Monday. The company has a 50 day simple moving average of $277.33 and a 200-day simple moving average of $252.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 1.64 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate 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 firm’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 earnings per share. Equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. TD Cowen raised their target price on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. BMO Capital Markets restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised their price objective on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price objective on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Wells Fargo & Company boosted their target price on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the company an “overweight” 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $286.30.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president directly owned 790 shares of the company’s stock, valued at $225,252.70. This represents a 47.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $426,015.00. Following the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.50% of the company’s stock.

About J.B. Hunt Transport Services

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.