Pacer Advisors Inc. Purchases 268,577 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Pacer Advisors Inc. boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3,703.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,830 shares of the transportation company’s stock after buying an additional 268,577 shares during the quarter. Pacer Advisors Inc.’s holdings in J.B. Hunt Transport Services were worth $58,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of JBHT. Parallel Advisors LLC raised its stake in shares of J.B. Hunt Transport Services by 5.2% during the first quarter. Parallel Advisors LLC now owns 1,167 shares of the transportation company’s stock worth $247,000 after acquiring an additional 58 shares in the last quarter. Summitry LLC lifted its holdings in shares of J.B. Hunt Transport Services by 2.9% in the 1st quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock worth $331,000 after acquiring an additional 44 shares during the last quarter. Groupama Asset Managment purchased a new stake in shares of J.B. Hunt Transport Services in the 1st quarter valued at $257,000. Western Wealth Management LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 1st quarter valued at $124,000. Finally, Bank of America Corp DE grew its holdings in shares of J.B. Hunt Transport Services by 2.4% during the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock valued at $96,332,000 after purchasing an additional 10,664 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $266.91 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76. The firm has a 50-day moving average of $280.44 and a 200 day moving average of $244.73. The company has a market cap of $25.07 billion, a P/E ratio of 37.81, a PEG ratio of 1.71 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data 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 return on equity of 18.75% and a net margin of 5.31%.The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the firm posted $1.31 EPS. The business’s revenue was up 19.4% on a year-over-year basis. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup reiterated a “market perform” rating on shares of J.B. Hunt Transport Services in a research report on Monday, July 20th. Stephens upped their price target on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Raymond James Financial lifted their price objective on 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. Finally, BMO Capital Markets reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $286.30.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the stock in a transaction on Friday, June 5th. The stock was 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 owned 15,881 shares in the company, valued at approximately $4,510,362.81. This represents a 8.63% decrease 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 link. Also, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president directly owned 790 shares of the company’s stock, valued at $225,252.70. This represents a 47.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 15,847 shares of company stock valued at $4,162,861 over the last ninety days. Insiders own 2.50% of the company’s stock.

About J.B. Hunt Transport Services

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.