Capstone Investment Advisors LLC Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Capstone Investment Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,765 shares of the transportation company’s stock, valued at approximately $800,000.

Several other institutional investors have also bought and sold shares of the stock. BlackRock Inc. purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth $1,833,602,000. Jupiter Topco LLC bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth $891,349,000. AQR Capital Management LLC raised its holdings in shares of J.B. Hunt Transport Services by 411.5% in the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after purchasing an additional 1,447,993 shares during the last quarter. Norges Bank purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $200,587,000. Finally, Bessemer Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 75,567.4% during the fourth quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock valued at $195,580,000 after purchasing an additional 1,005,047 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

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 completion of the transaction, the executive vice president directly owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the topic of several analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Truist Financial increased their price objective on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research note 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 research report on Thursday, July 16th. Citizens Jmp initiated coverage on J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, Benchmark upped their target price on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Price Performance

JBHT opened at $261.03 on Friday. The firm has a market cap of $24.52 billion, a P/E ratio of 36.97, a PEG ratio of 1.65 and a beta of 1.30. The firm has a 50-day moving average of $277.33 and a 200 day moving average of $252.50. 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 fifty-two week low of $130.12 and a fifty-two week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.71 by $0.20. The business had revenue of $3.50 billion for 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%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

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

J.B. Hunt Transport Services Company 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.