Perigon Wealth Management LLC Acquires Shares of 4,418 J.B. Hunt Transport Services, Inc. $JBHT

Perigon Wealth Management LLC bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, Holdings Channel.com reports. The firm bought 4,418 shares of the transportation company’s stock, valued at approximately $1,279,000.

Several other institutional investors have also recently made changes to their positions in JBHT. AQR Capital Management LLC lifted its stake 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 purchasing an additional 1,447,993 shares during the period. Norges Bank purchased a new stake in J.B. Hunt Transport Services in the fourth quarter worth $200,587,000. Bessemer Group Inc. raised its holdings in J.B. Hunt Transport Services by 75,567.4% in the fourth quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock worth $195,580,000 after purchasing an additional 1,005,047 shares in the last quarter. Bank of New York Mellon Corp bought a new position in J.B. Hunt Transport Services in the second quarter worth $187,701,000. Finally, Qube Research & Technologies Ltd raised its holdings in J.B. Hunt Transport Services by 338.0% in the third quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock worth $110,434,000 after purchasing an additional 635,172 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the firm’s 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 sale, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction dated 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 transaction, the executive vice president directly owned 790 shares of the company’s stock, valued at $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Morgan Stanley restated an “underweight” rating and set a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. The Goldman Sachs Group set a $261.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Barclays lifted their price target on shares of 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. Wall Street Zen raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Finally, Truist Financial upped their price objective on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Two research 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 assigned a Sell rating to the company. According to data from 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 Trading Down 3.2%

J.B. Hunt Transport Services stock opened at $274.19 on Wednesday. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The company has a market capitalization of $25.75 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. The business’s fifty day simple moving average is $279.32 and its two-hundred day simple moving average is $249.98. 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 issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.20. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share. As a group, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be 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 is Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is 25.50%.

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.