Ieq Capital LLC Buys Shares of 278,159 J.B. Hunt Transport Services, Inc. $JBHT

Ieq Capital LLC bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 278,159 shares of the transportation company’s stock, valued at approximately $80,508,000. Ieq Capital LLC owned approximately 0.30% of J.B. Hunt Transport Services at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBHT. Summitry LLC lifted its holdings in shares of J.B. Hunt Transport Services by 2.9% during the 1st quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 44 shares in the last quarter. Keybank National Association OH increased its stake in J.B. Hunt Transport Services by 2.7% during the 1st 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 in the last quarter. Root Financial Partners LLC increased its stake in J.B. Hunt Transport Services by 25.4% during the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after purchasing an additional 47 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock worth $1,827,000 after buying an additional 47 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after buying an additional 48 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JBHT shares. 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. Robert W. Baird raised their price objective on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Truist Financial boosted their price objective on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Wall Street Zen raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Finally, Wells Fargo & Company upped their target price on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has issued 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.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $275.45 on Friday. The stock has a market capitalization of $25.87 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 1.72 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The firm has a fifty day simple moving average of $278.58 and a 200 day simple moving average of $251.13. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31.

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, beating 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 for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the business earned $1.31 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

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

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services 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 sale, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was 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 in the company, valued at $4,510,362.81. The trade was a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is currently owned by insiders.

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.