J.B. Hunt Transport Services, Inc. $JBHT Shares Purchased by Stephens Inc. AR

Stephens Inc. AR boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,935 shares of the transportation company’s stock after buying an additional 3,121 shares during the period. Stephens Inc. AR owned approximately 0.11% of J.B. Hunt Transport Services worth $16,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake 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 worth $1,529,000 after acquiring an additional 1,209 shares during the period. Teacher Retirement System of Texas purchased a new stake in J.B. Hunt Transport Services in the first quarter valued at $1,746,000. Bessemer Group Inc. boosted its holdings in 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 purchasing an additional 120 shares during the last quarter. SG Americas Securities LLC grew its position in J.B. Hunt Transport Services by 179.8% during the 1st quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock worth $590,000 after purchasing an additional 2,564 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of J.B. Hunt Transport Services by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock valued at $976,000 after buying an additional 494 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 2.8%

J.B. Hunt Transport Services stock opened at $164.85 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $15.96 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.29 and a beta of 1.24. The business has a 50 day simple moving average of $141.14 and a 200-day simple moving average of $141.09. 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 released its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 EPS. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. J.B. Hunt Transport Services’s payout ratio is currently 30.50%.

Insider Transactions at J.B. Hunt Transport Services

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

Analyst Ratings Changes

A number of brokerages have recently commented on JBHT. The Goldman Sachs Group set a $164.00 target price on J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Citigroup decreased their price target on J.B. Hunt Transport Services from $170.00 to $163.00 and set a “buy” rating for the company in a report on Monday, October 13th. Susquehanna lowered their price objective on J.B. Hunt Transport Services from $157.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 24th. Evercore ISI lifted their target price on shares of J.B. Hunt Transport Services from $155.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Barclays increased their price target on shares of J.B. Hunt Transport Services from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $165.55.

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.