Park Presidio Capital LLC Buys Shares of 753,536 J.B. Hunt Transport Services, Inc. $JBHT

Park Presidio Capital LLC bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 753,536 shares of the transportation company’s stock, valued at approximately $218,096,000. J.B. Hunt Transport Services accounts for 12.3% of Park Presidio Capital LLC’s holdings, making the stock its biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Summitry LLC increased its stake in shares of J.B. Hunt Transport Services by 2.9% during the first quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after buying an additional 44 shares during the period. Keybank National Association OH lifted its stake in J.B. Hunt Transport Services by 2.7% in the first quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock worth $374,000 after acquiring an additional 46 shares during the period. Root Financial Partners LLC lifted its stake in J.B. Hunt Transport Services by 25.4% in the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after acquiring an additional 47 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock worth $1,827,000 after acquiring an additional 47 shares in the last quarter. 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 in the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on JBHT. Robert W. Baird raised their target price on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Truist Financial upped their price target on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Susquehanna set a $345.00 price objective on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. TD Cowen boosted their price objective on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets restated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $286.30.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the sale, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. The trade was a 47.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction dated 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 owned 15,881 shares in the company, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Trading Down 5.7%

Shares of J.B. Hunt Transport Services stock opened at $259.88 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $299.76. The firm has a market capitalization of $24.41 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 1.73 and a beta of 1.30. The firm’s 50 day simple moving average is $278.11 and its two-hundred day simple moving average is $251.68.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the company posted $1.31 earnings per share. The business’s quarterly revenue was up 19.4% on a year-over-year basis. Analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.45 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.

J.B. Hunt Transport Services 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.