Ieq Capital LLC Boosts Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Ieq Capital LLC raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 19.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 288,476 shares of the transportation company’s stock after acquiring an additional 47,333 shares during the period. Ieq Capital LLC’s holdings in J.B. Hunt Transport Services were worth $56,062,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. First National Bank of Omaha purchased a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth about $231,000. Martingale Asset Management L P lifted its stake in J.B. Hunt Transport Services by 12.6% in the 4th quarter. Martingale Asset Management L P now owns 32,342 shares of the transportation company’s stock valued at $6,285,000 after buying an additional 3,609 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $441,000. Wells Fargo & Company MN lifted its stake in J.B. Hunt Transport Services by 3.6% in the 4th quarter. Wells Fargo & Company MN now owns 114,296 shares of the transportation company’s stock valued at $22,212,000 after buying an additional 4,001 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $29,151,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,000 shares of the firm’s 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 completion of the sale, the executive vice president owned 4,604 shares in the company, valued at $1,188,752.80. This trade represents a 30.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the sale, the executive vice president owned 8,696 shares of the company’s stock, valued at $2,213,045.04. This represents a 31.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 18,119 shares of company stock worth $4,736,095. Insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Up 0.1%

Shares of NASDAQ JBHT opened at $289.36 on Friday. The company has a 50 day simple moving average of $253.00 and a 200-day simple moving average of $222.43. The company has a market capitalization of $27.29 billion, a P/E ratio of 44.79, a P/E/G ratio of 2.15 and a beta of 1.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $293.54.

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

J.B. Hunt Transport Services Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JBHT. Wells Fargo & Company raised their price target on shares of J.B. Hunt Transport Services from $250.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, June 5th. Stifel Nicolaus increased their price objective on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, April 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $240.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. Weiss Ratings downgraded shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Finally, Truist Financial increased their price objective on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $233.83.

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.