1,888 Shares in J.B. Hunt Transport Services, Inc. $JBHT Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, Holdings Channel.com reports. The fund bought 1,888 shares of the transportation company’s stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBHT. CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth $31,000. International Assets Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter worth $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at $34,000. CIBC Private Wealth Group LLC raised its holdings in shares of J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after buying an additional 48 shares during the period. Finally, Activest Wealth Management raised its holdings in shares of J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after buying an additional 198 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Benchmark raised their target price 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. Stephens raised their price objective on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Barclays upped their target price on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Sanford C. Bernstein reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $286.30.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $275.45 on Monday. The business’s 50-day moving average is $278.58 and its two-hundred day moving average is $251.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $25.87 billion, a P/E ratio of 39.02, a P/E/G ratio of 1.73 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76.

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

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared 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 payout ratio is currently 25.50%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the sale, the executive vice president directly owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the sale, the executive vice president directly owned 790 shares of the company’s stock, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.50% of the company’s stock.

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.