Retireful LLC Invests $1.34 Million in J.B. Hunt Transport Services, Inc. $JBHT

Retireful LLC acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,640 shares of the transportation company’s stock, valued at approximately $1,343,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $31,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth $32,000. MUFG Securities EMEA plc purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $34,000. CIBC Private Wealth Group LLC lifted its holdings in shares of 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 during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth $42,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays increased their target price on J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price target on J.B. Hunt Transport Services in a research note on Thursday, July 16th. BMO Capital Markets reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Wall Street Zen upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Finally, Morgan Stanley reiterated an “underweight” rating and set 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 investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $260.22 on Thursday. The company has a 50-day simple moving average of $276.73 and a two-hundred day simple moving average of $253.42. 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 cap of $24.44 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 1.94 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 data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping 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 the consensus estimate of $3.26 billion. During the same quarter in the previous year, the business earned $1.31 earnings per share. The company’s quarterly revenue was up 19.4% on a year-over-year basis. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors 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 was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.

Insider Buying and Selling

In other news, EVP Brian Webb sold 1,500 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was 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 owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 790 shares in the company, valued at $225,252.70. This represents a 47.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is owned by insiders.

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.