Savant Capital LLC Acquires 1,718 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Savant Capital LLC grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 24.1% in the 2nd quarter, Holdings Channel reports. The fund owned 8,832 shares of the transportation company’s stock after purchasing an additional 1,718 shares during the quarter. Savant Capital LLC’s holdings in J.B. Hunt Transport Services were worth $1,268,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Private Trust Co. NA lifted its holdings in shares of J.B. Hunt Transport Services by 57.8% during the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in J.B. Hunt Transport Services by 38.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after buying an additional 88 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in J.B. Hunt Transport Services by 0.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 15,998 shares of the transportation company’s stock valued at $2,317,000 after buying an additional 103 shares in the last quarter. Trust Investment Advisors boosted its holdings in shares of J.B. Hunt Transport Services by 2.3% in the first quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company’s stock valued at $695,000 after buying an additional 104 shares during the period. Finally, Verdence Capital Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 3.4% during the second quarter. Verdence Capital Advisors LLC now owns 3,239 shares of the transportation company’s stock worth $465,000 after acquiring an additional 105 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 6,500 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the sale, the executive vice president directly owned 12,976 shares of the company’s stock, valued at approximately $2,192,944. This represents a 33.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on JBHT. Wells Fargo & Company boosted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Raymond James Financial lifted their price target on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Bank of America upped their price objective on J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Susquehanna increased their price objective on J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Finally, Truist Financial boosted their target price on J.B. Hunt Transport Services from $145.00 to $155.00 and gave the company a “hold” rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $166.30.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $169.26 on Thursday. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $192.46. The company has a market cap of $16.12 billion, a P/E ratio of 29.33, a P/E/G ratio of 2.33 and a beta of 1.26. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50-day simple moving average is $149.85 and its 200 day simple moving average is $145.64.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The firm had revenue of ($5,136.05) million during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $1.49 earnings per share. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 22nd that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 30.50%.

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.