16,944 Shares in J.B. Hunt Transport Services, Inc. $JBHT Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,944 shares of the transportation company’s stock, valued at approximately $4,904,000.

A number of other hedge funds also recently bought and sold shares of the stock. Sivia Capital Partners LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $539,000. BlackRock Inc. purchased a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $1,833,602,000. Bank of America Corp DE grew its holdings in J.B. Hunt Transport Services by 2.4% in the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock worth $96,332,000 after acquiring an additional 10,664 shares during the last quarter. HighTower Advisors LLC grew its holdings in J.B. Hunt Transport Services by 71.7% in the 4th quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock worth $1,882,000 after acquiring an additional 4,043 shares during the last quarter. Finally, Greenwood Gearhart Inc. increased its position in shares of J.B. Hunt Transport Services by 4.3% in the fourth quarter. Greenwood Gearhart Inc. now owns 201,839 shares of the transportation company’s stock valued at $39,225,000 after acquiring an additional 8,270 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction that occurred on 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. The trade was a 47.09% decrease in their position. The SEC filing for this sale provides additional information. 2.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on JBHT. Evercore reaffirmed an “outperform” rating and set a $248.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. Zacks Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. 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. Susquehanna set a $345.00 price objective on J.B. Hunt Transport Services in a report on Thursday, July 16th. Finally, The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Trading Down 0.9%

Shares of JBHT opened at $261.03 on Friday. The firm’s 50-day moving average price is $277.33 and its 200-day moving average price is $252.50. The firm has a market capitalization of $24.52 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 1.65 and a beta of 1.30. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $299.76.

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 (EPS) for the quarter, topping 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 company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the firm earned $1.31 earnings per share. J.B. Hunt Transport Services’s revenue was up 19.4% on a year-over-year basis. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is 25.50%.

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.