J.B. Hunt Transport Services, Inc. $JBHT Shares Acquired by Bayforest Capital Ltd

Bayforest Capital Ltd raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 400.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,738 shares of the transportation company’s stock after acquiring an additional 2,991 shares during the period. Bayforest Capital Ltd’s holdings in J.B. Hunt Transport Services were worth $537,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Sagespring Wealth Partners LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at about $221,000. NorthRock Partners LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $226,000. Verdence Capital Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 3.4% in the second quarter. Verdence Capital Advisors LLC now owns 3,239 shares of the transportation company’s stock valued at $465,000 after purchasing an additional 105 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $497,000. Finally, MGO One Seven LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $398,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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

In other news, EVP David Keefauver sold 989 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the transaction, the executive vice president owned 946 shares in the company, valued at approximately $143,763.62. This represents a 51.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Eric Mcgee bought 1,148 shares of the stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $140.76 per share, with a total value of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.9%

NASDAQ JBHT opened at $139.37 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The stock has a market capitalization of $13.49 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. The firm has a 50 day moving average of $140.14 and a two-hundred day moving average of $140.90.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter last year, the firm earned $1.32 EPS. The company’s revenue was up .0% on a year-over-year basis. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a $0.44 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. J.B. Hunt Transport Services’s dividend payout ratio is presently 32.00%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Bank of America dropped their price objective on shares of J.B. Hunt Transport Services from $171.00 to $153.00 and set a “buy” rating for the company in a report on Tuesday, September 16th. Barclays dropped their price objective on shares of J.B. Hunt Transport Services from $145.00 to $135.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. Wells Fargo & Company dropped their price objective on shares of J.B. Hunt Transport Services from $163.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, October 6th. Finally, Stifel Nicolaus decreased their price target on shares of J.B. Hunt Transport Services from $145.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average target price of $160.14.

About J.B. Hunt Transport Services

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.