MASTERINVEST Kapitalanlage GmbH Acquires New Shares in J.B. Hunt Transport Services, Inc. $JBHT

MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 9,233 shares of the transportation company’s stock, valued at approximately $2,672,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in JBHT. CYBER HORNET ETFs LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $31,000. International Assets Investment Management LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $32,000. MUFG Securities EMEA plc purchased a new stake in J.B. Hunt Transport Services during the second quarter valued at about $34,000. CIBC Private Wealth Group LLC grew its position in J.B. Hunt Transport Services by 34.3% during the 4th 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 last quarter. Finally, Activest Wealth Management grew its holdings in shares of J.B. Hunt Transport Services by 19,800.0% in the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after purchasing an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JBHT. Zacks Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Evercore reissued an “outperform” rating and issued a $248.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Weiss Ratings upgraded shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Truist Financial upped their price objective on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Finally, UBS Group increased their target price on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Trading Down 0.1%

Shares of JBHT opened at $263.39 on Friday. The firm’s 50-day moving average price is $277.53 and its 200-day moving average price is $252.44. The firm has a market capitalization of $24.74 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 1.66 and a beta of 1.30. 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, Inc. has a 1-year low of $130.12 and a 1-year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued 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. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $1.31 earnings per share. Sell-side analysts anticipate 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 was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is currently 25.50%.

Insider Buying and Selling

In related news, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president directly owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Keefauver sold 703 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.50% of the company’s stock.

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.