Tidal Investments LLC Has $5.64 Million Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Tidal Investments LLC raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,499 shares of the transportation company’s stock after buying an additional 1,988 shares during the quarter. Tidal Investments LLC’s holdings in J.B. Hunt Transport Services were worth $5,644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Wealth Partners LLC lifted its position 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 valued at $43,000 after acquiring an additional 125 shares in the last quarter. International Assets Investment Management LLC acquired a new position in J.B. Hunt Transport Services in the 4th quarter worth approximately $32,000. CIBC Private Wealth Group LLC grew its position in J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $31,000. Finally, Basecamp Wealth Advisors LLC raised its stake in J.B. Hunt Transport Services by 250.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 155 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of research analyst reports. Citizens Jmp started coverage on J.B. Hunt Transport Services in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Barclays upped 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 research report on Thursday, July 16th. 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. Truist Financial raised their price objective on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group set a $261.00 target price on J.B. Hunt Transport Services 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $286.30.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $270.45 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $25.40 billion, a price-to-earnings ratio of 38.31, a P/E/G ratio of 2.05 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The firm has a 50 day moving average of $274.75 and a two-hundred day moving average of $255.72.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced 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. The company 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%. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 EPS. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.