Kera Capital Partners Inc. Takes $470,000 Position in J.B. Hunt Transport Services, Inc. $JBHT

Kera Capital Partners Inc. acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,273 shares of the transportation company’s stock, valued at approximately $470,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of J.B. Hunt Transport Services by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 1,209 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of J.B. Hunt Transport Services in the first quarter valued at $1,746,000. Bessemer Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock valued at $97,000 after acquiring an additional 120 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of J.B. Hunt Transport Services by 179.8% in the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock valued at $590,000 after acquiring an additional 2,564 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in J.B. Hunt Transport Services by 8.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock valued at $976,000 after purchasing an additional 494 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $137.93 on Friday. The firm has a market capitalization of $13.35 billion, a PE ratio of 25.08, a P/E/G ratio of 2.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50-day moving average of $145.66 and a two-hundred day moving average of $143.66. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.03). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 earnings per share. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 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, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, August 8th. This represents a $1.76 annualized dividend and a yield of 1.3%. J.B. Hunt Transport Services’s dividend payout ratio is currently 32.00%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee bought 1,148 shares of the stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the purchase, the executive vice president owned 7,397 shares in the company, valued at $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 989 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares of the company’s stock, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JBHT shares. Morgan Stanley dropped their target price on J.B. Hunt Transport Services from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Barclays upped their target price on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Stifel Nicolaus dropped their target price on J.B. Hunt Transport Services from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, July 16th. Raymond James Financial upped their target price on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $163.00 target price (up from $150.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.00.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.