Sienna Gestion Invests $1.77 Million in J.B. Hunt Transport Services, Inc. $JBHT

Sienna Gestion purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,062 shares of the transportation company’s stock, valued at approximately $1,769,000.

Other large investors have also modified their holdings of the company. Focus Partners Advisor Solutions LLC lifted its position in shares of J.B. Hunt Transport Services by 114.1% during the third quarter. Focus Partners Advisor Solutions LLC now owns 13,310 shares of the transportation company’s stock worth $1,786,000 after purchasing an additional 7,094 shares during the last quarter. Greenwood Gearhart Inc. lifted its holdings in J.B. Hunt Transport Services by 2.7% in the third quarter. Greenwood Gearhart Inc. now owns 193,569 shares of the transportation company’s stock worth $25,971,000 after acquiring an additional 5,150 shares during the last quarter. Sivia Capital Partners LLC bought a new position in J.B. Hunt Transport Services in the second quarter worth about $539,000. American Century Companies Inc. lifted its holdings in J.B. Hunt Transport Services by 12.4% in the third quarter. American Century Companies Inc. now owns 234,471 shares of the transportation company’s stock worth $31,459,000 after acquiring an additional 25,816 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in J.B. Hunt Transport Services by 45.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,809 shares of the transportation company’s stock worth $11,712,000 after acquiring an additional 17,839 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total transaction of $516,400.00. Following the sale, the executive vice president owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradley W. Hicks sold 7,644 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $261.91, for a total value of $2,002,040.04. Following the sale, the insider directly owned 23,982 shares in the company, valued at approximately $6,281,125.62. This trade represents a 24.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 18,119 shares of company stock valued at $4,736,095. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $283.16 on Tuesday. The business’s 50 day moving average is $254.36 and its 200-day moving average is $223.61. The stock has a market cap of $26.70 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 2.15 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 0.36. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $293.54.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The company had revenue of $3.06 billion for 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 revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. On average, analysts predict that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JBHT. TD Cowen raised their target price on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Benchmark raised their target price on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, April 17th. BMO Capital Markets raised their target price on shares of J.B. Hunt Transport Services from $250.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Susquehanna raised their target price on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the stock a “positive” rating in a report on Wednesday, April 22nd. Finally, UBS Group raised their target price on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.83.

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.