Commerce Bank Invests $1.46 Million in J.B. Hunt Transport Services, Inc. $JBHT

Commerce Bank purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,034 shares of the transportation company’s stock, valued at approximately $1,457,000.

Several other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $34,000. CIBC Private Wealth Group LLC boosted its position in shares of J.B. Hunt Transport Services by 34.3% in the fourth 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 grew its stake in shares of J.B. Hunt Transport Services by 19,800.0% in the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 198 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research 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 report on Thursday, July 16th. Stephens increased their target price on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Barclays raised their target price on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Finally, Raymond James Financial lifted their price target on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Stock Up 0.9%

J.B. Hunt Transport Services stock opened at $262.18 on Wednesday. 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 52-week low of $130.12 and a 52-week high of $299.76. The firm has a 50 day moving average price of $277.76 and a two-hundred day moving average price of $251.92. The firm has a market cap of $24.62 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 1.63 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.26 billion. During the same quarter in the previous year, the company earned $1.31 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a $0.45 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is presently 25.50%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the company’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 sale, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. This represents a 47.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.