4,112 Shares in J.B. Hunt Transport Services, Inc. $JBHT Acquired by Gallo Partners LP

Gallo Partners LP bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,112 shares of the transportation company’s stock, valued at approximately $1,190,000. J.B. Hunt Transport Services makes up about 2.6% of Gallo Partners LP’s portfolio, making the stock its 14th biggest position.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $1,833,602,000. State Street Corp boosted its position in shares of J.B. Hunt Transport Services by 7.1% in the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock worth $592,015,000 after acquiring an additional 272,594 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of J.B. Hunt Transport Services by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after acquiring an additional 41,887 shares during the last quarter. AQR Capital Management LLC grew its holdings in J.B. Hunt Transport Services by 17.7% in the fourth quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock valued at $729,780,000 after purchasing an additional 565,605 shares during the period. Finally, Invesco Ltd. grew its holdings in J.B. Hunt Transport Services by 5.4% in the third quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock valued at $216,317,000 after purchasing an additional 82,939 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JBHT. Evercore reaffirmed an “outperform” rating and set a $248.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. TD Cowen lifted their price target on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Weiss Ratings raised shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Wall Street Zen upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Finally, JPMorgan Chase & Co. increased their target price on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $275.45 on Monday. The firm’s 50 day moving average is $278.58 and its 200-day moving average is $251.41. 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 quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $25.87 billion, a P/E ratio of 39.02, a P/E/G ratio of 1.73 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its 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 business 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 net margin of 5.31% and a return on equity of 18.75%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 earnings per share. Analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis 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%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the firm’s 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 completion of the transaction, the executive vice president directly owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Keefauver sold 703 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the sale, the executive vice president 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.

About J.B. Hunt Transport Services

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.