Proficio Capital Partners LLC Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Proficio Capital Partners LLC bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,874 shares of the transportation company’s stock, valued at approximately $1,411,000.

A number of other large investors also recently made changes to their positions in the business. CYBER HORNET ETFs LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at approximately $32,000. MUFG Securities EMEA plc acquired a new position in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $34,000. CIBC Private Wealth Group LLC increased its stake in 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, Advisory Services Network LLC purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JBHT shares. Evercore restated an “outperform” rating and set a $248.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Citigroup reiterated a “market perform” rating on shares of J.B. Hunt Transport Services in a report on Monday, July 20th. Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Weiss Ratings upgraded J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. upped their target price on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $286.30.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $256.48 on Wednesday. The firm has a 50 day moving average of $276.91 and a two-hundred day moving average of $253.13. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The company has a market capitalization of $24.09 billion, a price-to-earnings ratio of 36.33, a P/E/G ratio of 1.67 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the firm earned $1.31 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a dividend of $0.45 per share. 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 is presently 25.50%.

Insider Activity

In other news, EVP David Keefauver sold 703 shares of the company’s 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 in the company, valued at approximately $225,252.70. This represents a 47.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the 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 transaction, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is owned by company insiders.

About J.B. Hunt Transport Services

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.