Inceptionr LLC Buys New Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Inceptionr LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,685 shares of the transportation company’s stock, valued at approximately $781,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its position in J.B. Hunt Transport Services by 45.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,809 shares of the transportation company’s stock worth $11,712,000 after purchasing an additional 17,839 shares in the last quarter. Sivia Capital Partners LLC bought a new position in J.B. Hunt Transport Services during the second quarter worth about $539,000. HighTower Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 71.7% during the fourth quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock valued at $1,882,000 after purchasing an additional 4,043 shares in the last quarter. Merit Financial Group LLC boosted its holdings in J.B. Hunt Transport Services by 48.6% during the fourth quarter. Merit Financial Group LLC now owns 13,849 shares of the transportation company’s stock valued at $2,692,000 after purchasing an additional 4,527 shares in the last quarter. Finally, Greenwood Gearhart Inc. grew its stake in shares of J.B. Hunt Transport Services by 4.3% in the 4th quarter. Greenwood Gearhart Inc. now owns 201,839 shares of the transportation company’s stock valued at $39,225,000 after purchasing an additional 8,270 shares during the period. Institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on 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. Morgan Stanley reaffirmed an “underweight” rating and issued a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. UBS Group upped their price target on J.B. Hunt Transport Services from $286.00 to $291.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Citigroup reiterated a “market perform” rating on shares of J.B. Hunt Transport Services in a research note on Monday. Finally, TD Cowen increased their price objective on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $288.30 on Friday. The stock has a market capitalization of $27.19 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 1.83 and a beta of 1.29. The firm’s 50-day moving average price is $278.74 and its two-hundred day moving average price is $241.57. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 7.71 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.50%.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total value of $516,400.00. Following the completion of the transaction, the executive vice president owned 4,604 shares in the company, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The shares were 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 of the company’s stock, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 15,847 shares of company stock worth $4,162,861. 2.50% of the stock is currently owned by insiders.

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.