Chicago Partners Investment Group LLC Has $2.47 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Chicago Partners Investment Group LLC boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 42.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,662 shares of the transportation company’s stock after purchasing an additional 3,464 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in J.B. Hunt Transport Services were worth $2,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in JBHT. CYBER HORNET ETFs LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter worth approximately $31,000. International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $32,000. MUFG Securities EMEA plc acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $34,000. Whittier Trust Co. grew its holdings in J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after acquiring an additional 50 shares during the period. Finally, CIBC Private Wealth Group LLC grew 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 acquiring an additional 48 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $280.87 on Wednesday. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $294.98. The firm has a market capitalization of $26.49 billion, a price-to-earnings ratio of 43.48, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $271.66 and a 200-day moving average of $236.62.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data 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 the consensus estimate 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.32 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is presently 27.86%.

Analysts Set New Price Targets

JBHT has been the topic of a number of analyst reports. Truist Financial increased their price target on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. BMO Capital Markets lifted their price objective on J.B. Hunt Transport Services from $250.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Benchmark upped their price objective on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, June 26th. Susquehanna increased their target price on J.B. Hunt Transport Services from $290.00 to $326.00 and gave the company a “positive” rating in a research note on Tuesday. Finally, UBS Group raised their target price on J.B. Hunt Transport Services from $221.00 to $286.00 and gave the stock a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $263.04.

Insider Buying and Selling

In other news, EVP Brian Webb sold 1,500 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Spencer Frazier sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total value of $516,400.00. Following the sale, the executive vice president directly owned 4,604 shares in the company, valued at approximately $1,188,752.80. This represents a 30.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 18,119 shares of company stock valued at $4,736,095. 2.50% of the stock is owned by company insiders.

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.