Wealthfront Advisers LLC Buys Shares of 5,590 J.B. Hunt Transport Services, Inc. $JBHT

Wealthfront Advisers LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,590 shares of the transportation company’s stock, valued at approximately $1,618,000.

Several other hedge funds and other institutional investors have also modified their holdings of JBHT. CYBER HORNET ETFs LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at $31,000. International Assets Investment Management LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $32,000. MUFG Securities EMEA plc acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth about $34,000. CIBC Private Wealth Group LLC boosted its holdings in J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 48 shares during the period. Finally, Activest Wealth Management boosted its holdings in J.B. Hunt Transport Services by 19,800.0% during the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 198 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on JBHT shares. Evercore reiterated an “outperform” rating and set a $248.00 price target on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. Citizens Jmp initiated coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Susquehanna set a $345.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Zacks Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Raymond James Financial increased their target price on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $286.30.

Insiders Place Their Bets

In related news, EVP David Keefauver sold 703 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brian Webb sold 1,500 shares of the stock in a transaction on Friday, June 5th. The shares were 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 directly owned 15,881 shares in the company, valued at $4,510,362.81. This trade represents a 8.63% decrease in their position. The SEC filing for this sale provides additional information. 2.50% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $274.47 on Friday. The business has a 50-day simple moving average of $278.86 and a 200-day simple moving average of $250.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The company has a market cap of $25.78 billion, a PE ratio of 38.88, a P/E/G ratio of 1.71 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the company earned $1.31 earnings per share. The firm’s revenue was up 19.4% compared to the same quarter last year. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is 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 currently 25.50%.

J.B. Hunt Transport Services Company 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.