Impact Partnership Wealth LLC Makes New $1.05 Million Investment in J.B. Hunt Transport Services, Inc. $JBHT

Impact Partnership Wealth LLC bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,975 shares of the transportation company’s stock, valued at approximately $1,054,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JBHT. AQR Capital Management LLC grew its stake in J.B. Hunt Transport Services by 411.5% in the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after purchasing an additional 1,447,993 shares during the last quarter. Norges Bank purchased a new stake in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $200,587,000. Bessemer Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 75,567.4% during the fourth quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock valued at $195,580,000 after buying an additional 1,005,047 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of J.B. Hunt Transport Services by 338.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock valued at $110,434,000 after buying an additional 635,172 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of J.B. Hunt Transport Services by 272.8% in the 4th quarter. Wellington Management Group LLP now owns 747,377 shares of the transportation company’s stock valued at $145,245,000 after buying an additional 546,880 shares in the last quarter. 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 firm’s stock in a transaction on Friday, June 5th. The stock was 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 in the company, valued at $225,252.70. This trade represents a 47.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Darren P. Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the sale, the executive vice president directly owned 8,696 shares of the company’s stock, valued at approximately $2,213,045.04. This represents a 31.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 18,119 shares of company stock valued at $4,736,095. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the stock a “positive” rating in a research note on Wednesday, April 22nd. Evercore restated an “outperform” rating and issued a $248.00 target price on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. Wells Fargo & Company lifted their price target on shares of J.B. Hunt Transport Services from $250.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, June 5th. Argus set a $285.00 price target on J.B. Hunt Transport Services in a research report on Monday, April 20th. Finally, Benchmark increased their price objective on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.87.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $289.43 on Wednesday. The company has a 50 day moving average price of $265.20 and a 200 day moving average price of $230.69. The firm has a market capitalization of $27.29 billion, a P/E ratio of 44.80, a PEG ratio of 2.14 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $293.54.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the firm earned $1.17 EPS. J.B. Hunt Transport Services’s revenue was up 4.6% compared to the same quarter last year. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is presently 27.86%.

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.