Perigon Wealth Management LLC Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Perigon Wealth Management LLC acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the third quarter, Holdings Channel reports. The institutional investor acquired 3,392 shares of the transportation company’s stock, valued at approximately $455,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Private Trust Co. NA grew its stake in J.B. Hunt Transport Services by 57.8% during the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after purchasing an additional 74 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $31,000. Assetmark Inc. grew its position in shares of J.B. Hunt Transport Services by 418.6% during the second quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock worth $32,000 after buying an additional 180 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter worth approximately $34,000. Finally, Farther Finance Advisors LLC raised its holdings in J.B. Hunt Transport Services by 38.6% in the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 88 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on JBHT shares. Benchmark boosted their price target on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Susquehanna increased their target price on J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Citigroup cut their price target on J.B. Hunt Transport Services from $170.00 to $163.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft set a $227.00 price objective on J.B. Hunt Transport Services in a research report on Thursday, December 11th. Finally, Evercore ISI raised their target price on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.30.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 1,588 shares of J.B. Hunt Transport Services stock in a transaction on Monday, December 8th. The shares were sold at an average price of $189.29, for a total value of $300,592.52. Following the transaction, the executive vice president directly owned 550 shares of the company’s stock, valued at $104,109.50. The trade was a 74.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO John Kuhlow sold 3,225 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $179.76, for a total transaction of $579,726.00. Following the sale, the chief accounting officer owned 13,095 shares of the company’s stock, valued at approximately $2,353,957.20. This represents a 19.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 15,109 shares of company stock valued at $2,688,970. 2.30% of the stock is owned by company insiders.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $196.78 on Friday. The stock’s 50-day moving average is $181.03 and its two-hundred day moving average is $157.41. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $204.43. The firm has a market cap of $18.74 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 1.65 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. Analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio is presently 30.50%.

J.B. Hunt Transport Services declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.