Inceptionr LLC Buys New Shares in J.B. Hunt Transport Services, Inc. $JBHT

Inceptionr LLC purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,118 shares of the transportation company’s stock, valued at approximately $304,000.

A number of other large investors have also recently bought and sold shares of JBHT. Avantax Advisory Services Inc. lifted its stake in shares of J.B. Hunt Transport Services by 9.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,726 shares of the transportation company’s stock valued at $699,000 after purchasing an additional 406 shares during the period. Cetera Investment Advisers increased its holdings in J.B. Hunt Transport Services by 104.2% in the first quarter. Cetera Investment Advisers now owns 17,319 shares of the transportation company’s stock worth $2,562,000 after purchasing an additional 8,839 shares in the last quarter. Mackenzie Financial Corp lifted its stake in J.B. Hunt Transport Services by 7.7% in the first quarter. Mackenzie Financial Corp now owns 9,411 shares of the transportation company’s stock valued at $1,392,000 after buying an additional 672 shares during the period. GSA Capital Partners LLP acquired a new position in J.B. Hunt Transport Services in the first quarter valued at approximately $583,000. Finally, J. Safra Sarasin Holding AG boosted its holdings in shares of J.B. Hunt Transport Services by 78.6% during the 1st quarter. J. Safra Sarasin Holding AG now owns 3,328 shares of the transportation company’s stock worth $492,000 after buying an additional 1,465 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 6,500 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was 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 of the company’s stock, valued at $2,192,944. This trade represents a 33.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Bank of America increased their target price on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 16th. TD Cowen increased their price objective on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the stock a “hold” rating in a research report on Thursday, October 16th. Wells Fargo & Company raised their target price on J.B. Hunt Transport Services from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Stephens reaffirmed an “overweight” rating and issued a $180.00 target price on shares of J.B. Hunt Transport Services in a research report on Thursday, October 16th. Finally, UBS Group increased their price target on J.B. Hunt Transport Services from $157.00 to $174.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.30.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $173.95 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.33 and a beta of 1.27. The stock has a 50 day moving average of $156.46 and a 200 day moving average of $148.26. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $192.42.

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

J.B. Hunt Transport Services declared that its board has authorized a share buyback plan on Wednesday, October 22nd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, November 7th. J.B. Hunt Transport Services’s payout ratio is currently 30.50%.

J.B. Hunt Transport Services 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.