USA Financial Formulas Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

USA Financial Formulas purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,046 shares of the transportation company’s stock, valued at approximately $645,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summitry LLC grew its position in J.B. Hunt Transport Services by 2.9% in the 1st quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after acquiring an additional 44 shares during the last quarter. Keybank National Association OH lifted its position in shares of J.B. Hunt Transport Services by 2.7% during the first quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock worth $374,000 after purchasing an additional 46 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of J.B. Hunt Transport Services by 25.4% during the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after purchasing an additional 47 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of J.B. Hunt Transport Services by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock valued at $1,827,000 after purchasing an additional 47 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of 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. 74.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total transaction of $516,400.00. Following the sale, the executive vice president owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. This trade represents a 30.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 703 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the sale, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. This trade represents a 47.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,203 shares of company stock worth $1,142,861 over the last 90 days. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Trading Down 0.9%

NASDAQ:JBHT opened at $279.71 on Friday. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. 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 firm has a market cap of $26.27 billion, a P/E ratio of 39.62, a P/E/G ratio of 1.76 and a beta of 1.30. The firm has a 50-day simple moving average of $279.67 and a 200-day simple moving average of $248.62.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio is currently 25.50%.

Wall Street Analyst Weigh In

JBHT has been the topic of a number of research analyst reports. Argus set a $285.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, April 20th. BMO Capital Markets reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Benchmark boosted their price objective on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, June 26th. UBS Group upped their target price on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Finally, Evercore reaffirmed an “outperform” rating and set a $248.00 target price on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $286.30.

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.