Csenge Advisory Group Invests $561,000 in J.B. Hunt Transport Services, Inc. $JBHT

Csenge Advisory Group bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,940 shares of the transportation company’s stock, valued at approximately $561,000.

Other hedge funds also recently made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter worth $31,000. International Assets Investment Management LLC purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at $32,000. MUFG Securities EMEA plc bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $34,000. CIBC Private Wealth Group LLC boosted its holdings in shares of 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 buying an additional 48 shares in the last quarter. Finally, Activest Wealth Management grew its position in shares of J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after buying an additional 198 shares during the period. 74.95% of the stock is currently owned by institutional investors.

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 transaction of $426,015.00. Following the sale, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David Keefauver sold 703 shares of the 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 sale, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. This represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on JBHT. Stephens increased their price target on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. BMO Capital Markets reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Morgan Stanley restated an “underweight” rating and issued a $200.00 price objective (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Finally, Citizens Jmp began coverage on J.B. Hunt Transport Services in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.

J.B. Hunt Transport Services Price Performance

JBHT opened at $274.47 on Friday. The firm 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. The stock has a 50-day moving average price of $278.86 and a 200-day moving average price of $250.96. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76. 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 (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. J.B. Hunt Transport Services’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business earned $1.31 EPS. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.45 per share. The ex-dividend date 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 presently 25.50%.

J.B. Hunt Transport Services 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.