5,590 Shares in J.B. Hunt Transport Services, Inc. $JBHT Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 5,590 shares of the transportation company’s stock, valued at approximately $1,618,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $1,833,602,000. AQR Capital Management LLC grew its position in shares of J.B. Hunt Transport Services by 411.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after buying an additional 1,447,993 shares during the last quarter. Norges Bank purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at $200,587,000. Bessemer Group Inc. raised its stake in J.B. Hunt Transport Services by 75,567.4% during the 4th quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock worth $195,580,000 after acquiring an additional 1,005,047 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $187,701,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insiders Place Their Bets

In other 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 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. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the stock in a transaction dated Friday, June 5th. The shares were 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 owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Up 0.8%

J.B. Hunt Transport Services stock opened at $274.47 on Friday. The stock has a 50 day moving average of $278.86 and a two-hundred day moving average of $250.96. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $299.76. The stock has a market capitalization of $25.78 billion, a price-to-earnings ratio of 38.88, a PEG ratio of 1.71 and a beta of 1.30. 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 (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.45 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is presently 25.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Stifel Nicolaus lifted their target price on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. boosted their target price on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Sanford C. Bernstein reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Wells Fargo & Company raised their price target on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.

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.