Csenge Advisory Group Invests $561,000 in J.B. Hunt Transport Services, Inc. $JBHT

Csenge Advisory Group acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 1,940 shares of the transportation company’s stock, valued at approximately $561,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth $32,000. MUFG Securities EMEA plc purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth $34,000. CIBC Private Wealth Group LLC grew its holdings in shares of J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after acquiring an additional 48 shares during the period. Finally, Activest Wealth Management increased its position in J.B. Hunt Transport Services by 19,800.0% during the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $274.47 on Friday. The stock has a 50-day simple moving average of $278.86 and a two-hundred day simple moving average of $250.96. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $25.78 billion, a PE ratio of 38.88, a P/E/G ratio of 1.71 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the company earned $1.31 earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a $0.45 dividend. 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 currently 25.50%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JBHT. Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Stephens upped their price target on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Weiss Ratings upgraded shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Zacks Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, UBS Group boosted their target price on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $286.30.

Insider Buying and Selling

In other news, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the sale, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. This trade represents a 47.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. 2.50% of the stock is currently owned by company insiders.

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.