United Capital Financial Advisors LLC Invests $553,000 in J.B. Hunt Transport Services, Inc. $JBHT

United Capital Financial Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,910 shares of the transportation company’s stock, valued at approximately $553,000.

A number of other hedge funds also recently bought and sold shares of JBHT. BlackRock Inc. bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at about $1,833,602,000. State Street Corp increased its position in shares of J.B. Hunt Transport Services by 7.1% during the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after acquiring an additional 272,594 shares in the last quarter. Janus Henderson Group PLC raised its holdings in J.B. Hunt Transport Services by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after acquiring an additional 41,887 shares during the last quarter. AQR Capital Management LLC lifted its position in J.B. Hunt Transport Services by 17.7% in the 4th quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock valued at $729,780,000 after acquiring an additional 565,605 shares in the last quarter. Finally, Jupiter Topco LLC purchased a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $891,349,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 1.7%

NASDAQ:JBHT opened at $265.47 on Tuesday. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The business has a fifty day moving average price of $277.17 and a 200-day moving average price of $252.94. The firm has a market capitalization of $24.93 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 1.64 and a beta of 1.30. 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 released its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the business earned $1.31 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given 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 presently 25.50%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JBHT. The Goldman Sachs Group set a $261.00 price target on J.B. Hunt Transport Services in a report on Thursday, July 16th. UBS Group upped their target price on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Raymond James Financial raised their price target on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Morgan Stanley reissued an “underweight” rating and set a $200.00 price objective (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. Finally, Citizens Jmp began coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $286.30.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the transaction, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Keefauver sold 703 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was 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 $225,252.70. This represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is owned by insiders.

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.