Wealthedge Investment Advisors LLC Invests $920,000 in J.B. Hunt Transport Services, Inc. $JBHT

Wealthedge Investment Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,410 shares of the transportation company’s stock, valued at approximately $920,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC lifted its holdings in J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 196 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after buying an additional 74 shares during the period. Assetmark Inc. lifted its stake in shares of J.B. Hunt Transport Services by 418.6% during the second quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock valued at $32,000 after buying an additional 180 shares during the period. National Pension Service boosted its position in J.B. Hunt Transport Services by 74.9% during the first quarter. National Pension Service now owns 306 shares of the transportation company’s stock worth $45,000 after acquiring an additional 131 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after acquiring an additional 88 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the topic of several analyst reports. BMO Capital Markets raised their price objective on J.B. Hunt Transport Services from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Barclays lifted their price target on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Thursday, October 16th. Robert W. Baird increased their price objective on shares of J.B. Hunt Transport Services from $164.00 to $173.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Bank of America boosted their target price on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of J.B. Hunt Transport Services from $170.00 to $176.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $166.30.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the transaction, the executive vice president directly owned 12,976 shares of the company’s stock, valued at approximately $2,192,944. The trade was a 33.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT opened at $173.95 on Monday. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $192.42. The company has a 50 day moving average of $156.46 and a two-hundred day moving average of $148.26. The company has a market cap of $16.56 billion, a P/E ratio of 30.15, a P/E/G ratio of 2.33 and a beta of 1.27. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the business posted $1.49 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts expect 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 business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were paid a $0.44 dividend. The ex-dividend date was Friday, November 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.50%.

J.B. Hunt Transport Services announced that its board has initiated a share repurchase plan on Wednesday, October 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

J.B. Hunt Transport Services Company Profile

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.