Cherokee Insurance Co Purchases Shares of 4,300 J.B. Hunt Transport Services, Inc. $JBHT

Cherokee Insurance Co acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,300 shares of the transportation company’s stock, valued at approximately $617,000.

Several other large investors have also recently modified their holdings of the company. Summit Securities Group LLC boosted its stake in J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 196 shares in the last quarter. Private Trust Co. NA increased its position in shares of J.B. Hunt Transport Services by 57.8% during the second 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. Assetmark Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 418.6% during the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 180 shares during the last quarter. Allworth Financial LP boosted its position in shares of J.B. Hunt Transport Services by 167.0% in the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock worth $35,000 after purchasing an additional 147 shares in the last quarter. Finally, National Pension Service grew its stake in J.B. Hunt Transport Services by 74.9% during the 1st quarter. National Pension Service now owns 306 shares of the transportation company’s stock worth $45,000 after buying an additional 131 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on JBHT shares. Bank of America increased their price target on J.B. Hunt Transport Services from $153.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Morgan Stanley increased their price objective on shares of J.B. Hunt Transport Services from $145.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 16th. Susquehanna boosted their target price on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. upped their price target on shares of J.B. Hunt Transport Services from $170.00 to $176.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Finally, Benchmark raised 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.30.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $169.26 on Thursday. The business’s 50-day moving average is $149.85 and its two-hundred day moving average is $145.64. The company has a market capitalization of $16.12 billion, a P/E ratio of 29.33, a P/E/G ratio of 2.33 and a beta of 1.26. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $192.46. 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 (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.30. The business had revenue of ($5,136.05) million 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 company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 EPS. Research 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 30.50%.

J.B. Hunt Transport Services announced that its board has initiated a share repurchase 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. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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

In related news, EVP Darren P. Field sold 6,500 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total value of $1,098,500.00. Following the completion of the transaction, the executive vice president directly owned 12,976 shares in the company, valued at $2,192,944. The trade was a 33.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.