One Wealth Advisors LLC Acquires Shares of 2,140 J.B. Hunt Transport Services, Inc. $JBHT

One Wealth Advisors LLC acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,140 shares of the transportation company’s stock, valued at approximately $619,000.

Other hedge funds have also modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $31,000. International Assets Investment Management LLC acquired a new position in J.B. Hunt Transport Services in the 4th quarter worth about $32,000. MUFG Securities EMEA plc purchased a new position in J.B. Hunt Transport Services during the second quarter worth approximately $34,000. Whittier Trust Co. boosted its position in J.B. Hunt Transport Services by 39.1% during the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after purchasing an additional 50 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the sale, the executive vice president owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the sale, the executive vice president directly owned 790 shares in the company, valued at approximately $225,252.70. The trade was a 47.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,203 shares of company stock worth $1,142,861 in the last 90 days. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Benchmark boosted their price objective on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Stifel Nicolaus lifted their price target on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Stephens lifted their target price on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Raymond James Financial boosted their price target on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Finally, TD Cowen upped their price objective on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Stock Down 0.9%

NASDAQ JBHT opened at $279.71 on Friday. 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, Inc. has a 52 week low of $130.12 and a 52 week high of $299.76. The business’s fifty day simple moving average is $279.67 and its 200-day simple moving average is $248.62. The firm has a market cap of $26.27 billion, a PE ratio of 39.62, a P/E/G ratio of 1.76 and a beta of 1.30.

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

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio is 25.50%.

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.