HB Wealth Management LLC Raises Holdings in J.B. Hunt Transport Services, Inc. $JBHT

HB Wealth Management LLC boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 48.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,812 shares of the transportation company’s stock after buying an additional 2,235 shares during the quarter. HB Wealth Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,444,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in J.B. Hunt Transport Services by 45.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,809 shares of the transportation company’s stock valued at $11,712,000 after buying an additional 17,839 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter worth $539,000. Korea Investment CORP raised its stake in shares of J.B. Hunt Transport Services by 88.8% in the 3rd quarter. Korea Investment CORP now owns 133,605 shares of the transportation company’s stock valued at $17,926,000 after acquiring an additional 62,845 shares during the period. Merit Financial Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 48.6% during the 4th quarter. Merit Financial Group LLC now owns 13,849 shares of the transportation company’s stock valued at $2,692,000 after acquiring an additional 4,527 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in J.B. Hunt Transport Services by 71.7% during the 4th quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock worth $1,882,000 after purchasing an additional 4,043 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JBHT. Truist Financial boosted their price objective on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a research note on Thursday, April 16th. Robert W. Baird raised their target price on J.B. Hunt Transport Services from $275.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. Stifel Nicolaus boosted their price target on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, April 2nd. Weiss Ratings cut J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Finally, Citigroup increased their price objective on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $240.74.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction on 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 directly owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Nicholas Hobbs sold 1,272 shares of the stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total transaction of $318,954.00. Following the transaction, the chief operating officer owned 91,736 shares in the company, valued at $23,002,802. This trade represents a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 18,119 shares of company stock worth $4,736,095. 2.50% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Down 1.0%

Shares of J.B. Hunt Transport Services stock opened at $275.00 on Wednesday. The business has a 50-day moving average of $268.45 and a 200-day moving average of $233.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $25.93 billion, a PE ratio of 42.57, a P/E/G ratio of 2.07 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $294.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. As a group, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid 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, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

J.B. Hunt Transport Services Company 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.