Kingsview Wealth Management LLC Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Kingsview Wealth Management LLC bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, Holdings Channel reports. The fund bought 16,944 shares of the transportation company’s stock, valued at approximately $4,904,000.

Several other large investors have also recently made changes to their positions in the business. Elevation Wealth Partners LLC grew its stake in shares of J.B. Hunt Transport Services by 500.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after buying an additional 125 shares during the last quarter. International Assets Investment Management LLC purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at $32,000. CIBC Private Wealth Group LLC raised its stake in J.B. Hunt Transport Services by 34.3% during the fourth 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 during the last quarter. Activest Wealth Management boosted its holdings in 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 worth $39,000 after acquiring an additional 198 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth $31,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Trading Down 0.9%

J.B. Hunt Transport Services stock opened at $261.03 on Friday. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The business’s fifty day moving average is $277.33 and its 200 day moving average is $252.50. The stock has a market capitalization of $24.52 billion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30. 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 issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping 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 return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 EPS. On average, sell-side 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s payout ratio is presently 25.50%.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Brian Webb sold 1,500 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 15,881 shares in the company, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction 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 approximately $225,252.70. This trade represents a 47.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays raised their price target on J.B. Hunt Transport Services from $270.00 to $300.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Truist Financial upped their price target on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock 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. Citigroup reiterated a “market perform” rating on shares of J.B. Hunt Transport Services in a research note on Monday, July 20th. Finally, Stifel Nicolaus increased their price target on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

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.