Chicago Partners Investment Group LLC Buys 3,464 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Chicago Partners Investment Group LLC increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 42.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,662 shares of the transportation company’s stock after acquiring an additional 3,464 shares during the period. Chicago Partners Investment Group LLC’s holdings in J.B. Hunt Transport Services were worth $2,471,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JBHT. CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services in the 2nd quarter worth $31,000. International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services during the 4th quarter worth about $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $34,000. Whittier Trust Co. raised its stake in shares of J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 50 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares during the period. 74.95% of the stock is owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In related news, insider Bradley W. Hicks sold 7,644 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the transaction, the insider directly owned 23,982 shares in the company, valued at approximately $6,281,125.62. The trade was a 24.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 4,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the sale, the executive vice president directly owned 8,696 shares in the company, valued at $2,213,045.04. This trade represents a 31.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,119 shares of company stock worth $4,736,095. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays upped their price objective on J.B. Hunt Transport Services from $235.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Sanford C. Bernstein raised J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $192.00 to $329.00 in a research report on Thursday, July 9th. Susquehanna boosted their target price on J.B. Hunt Transport Services from $290.00 to $326.00 and gave the company a “positive” rating in a research note on Tuesday. Weiss Ratings downgraded J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $263.04.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $280.87 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $294.98. The company has a market cap of $26.49 billion, a P/E ratio of 43.48, a P/E/G ratio of 2.06 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50-day simple moving average is $271.66 and its 200 day simple moving average is $236.62.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 earnings per share. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.32 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.

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.