2,315 Shares in J.B. Hunt Transport Services, Inc. $JBHT Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,315 shares of the transportation company’s stock, valued at approximately $670,000.

Other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of J.B. Hunt Transport Services by 74.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after acquiring an additional 6,668 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in J.B. Hunt Transport Services by 3.3% during the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after purchasing an additional 13,729 shares during the period. Empowered Funds LLC grew its holdings in J.B. Hunt Transport Services by 27.8% during the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after purchasing an additional 385 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $539,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of J.B. Hunt Transport Services by 21.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 101 shares during the period. Institutional investors own 74.95% of the company’s stock.

Insiders Place Their Bets

In other news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, June 5th. The shares were 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 in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their position. The SEC filing for this sale provides additional information. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Susquehanna set a $345.00 price objective on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Stephens raised their target price 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. Evercore reiterated an “outperform” rating and issued a $248.00 target price on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Citigroup restated a “market perform” rating on shares of J.B. Hunt Transport Services in a report on Monday, July 20th. Finally, Benchmark raised their price target on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $261.03 on Monday. The company has a 50-day simple moving average of $277.33 and a 200-day simple moving average of $252.69. The firm has a market capitalization of $24.51 billion, a P/E ratio of 36.97, a P/E/G ratio of 1.64 and a beta of 1.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the company posted $1.31 earnings per share. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

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

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.