United Capital Financial Advisors LLC Makes New $553,000 Investment in J.B. Hunt Transport Services, Inc. $JBHT

United Capital Financial Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,910 shares of the transportation company’s stock, valued at approximately $553,000.

Other large investors have also made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $31,000. International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services during the 4th quarter valued at approximately $32,000. MUFG Securities EMEA plc purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $34,000. CIBC Private Wealth Group LLC lifted its holdings 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 worth $37,000 after purchasing an additional 48 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in J.B. Hunt Transport Services in the 3rd quarter worth approximately $42,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP David Keefauver sold 703 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Stephens boosted their target price on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Wells Fargo & Company upped their target price on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Truist Financial raised their target price on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Finally, Barclays lifted their price target on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.

J.B. Hunt Transport Services Stock Up 1.7%

Shares of JBHT opened at $265.47 on Tuesday. The stock has a market capitalization of $24.93 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 1.64 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. The business’s 50 day simple moving average is $277.17 and its 200-day simple moving average is $252.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its 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 firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the firm posted $1.31 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was up 19.4% compared to the same quarter last year. As a group, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share 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. Stockholders of record on Friday, August 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 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.