J.B. Hunt Transport Services, Inc. $JBHT Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,239 shares of the transportation company’s stock after purchasing an additional 105 shares during the period. Verdence Capital Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $465,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JBHT. SG Americas Securities LLC increased its position in J.B. Hunt Transport Services by 179.8% during the 1st quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock worth $590,000 after purchasing an additional 2,564 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of J.B. Hunt Transport Services by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after acquiring an additional 494 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock worth $108,000 after acquiring an additional 85 shares in the last quarter. Financial Partners Group LLC boosted its stake in shares of J.B. Hunt Transport Services by 1.7% during the 1st quarter. Financial Partners Group LLC now owns 9,225 shares of the transportation company’s stock worth $1,365,000 after acquiring an additional 158 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of J.B. Hunt Transport Services by 2.5% during the 1st quarter. State of Alaska Department of Revenue now owns 9,308 shares of the transportation company’s stock worth $1,377,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the transaction, the executive vice president owned 946 shares of the company’s stock, valued at $143,763.62. This represents a 51.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Eric Mcgee purchased 1,148 shares of J.B. Hunt Transport Services stock in a transaction on Monday, August 4th. The shares were acquired at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JBHT. Susquehanna decreased their price target on J.B. Hunt Transport Services from $157.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. Wells Fargo & Company decreased their price target on J.B. Hunt Transport Services from $163.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. UBS Group lowered J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $155.00 to $157.00 in a research note on Friday, September 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group set a $164.00 target price on J.B. Hunt Transport Services in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.40.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $138.83 on Thursday. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50 day moving average price is $140.05 and its 200 day moving average price is $140.89. The firm has a market cap of $13.44 billion, a P/E ratio of 25.24, a PEG ratio of 2.21 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the company earned $1.49 EPS. J.B. Hunt Transport Services’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 32.00%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.