Strategy Asset Managers LLC Purchases 2,832 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Strategy Asset Managers LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,832 shares of the transportation company’s stock, valued at approximately $635,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Elevation Wealth Partners LLC boosted its holdings in J.B. Hunt Transport Services by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock worth $43,000 after acquiring an additional 125 shares during the last quarter. Basecamp Wealth Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 250.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after acquiring an additional 155 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of J.B. Hunt Transport Services by 17.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after acquiring an additional 38 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $131,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $140,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JBHT. JPMorgan Chase & Co. dropped their price target on shares of J.B. Hunt Transport Services from $313.00 to $287.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Raymond James Financial cut their price target on shares of J.B. Hunt Transport Services from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. Wells Fargo & Company reduced their price objective on shares of J.B. Hunt Transport Services from $335.00 to $305.00 and set an “overweight” rating for the company in a research report on Wednesday, September 16th. UBS Group reduced their price objective on shares of J.B. Hunt Transport Services from $291.00 to $264.00 and set a “neutral” rating for the company in a research report on Thursday, September 17th. Finally, TD Cowen decreased their price objective on shares of J.B. Hunt Transport Services from $297.00 to $283.00 and set a “hold” rating for the company in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $276.08.

J.B. Hunt Transport Services Stock Up 1.4%

Shares of NASDAQ:JBHT opened at $232.16 on Thursday. The company has a market capitalization of $21.80 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The business has a fifty day moving average price of $253.14 and a two-hundred day moving average price of $259.06. J.B. Hunt Transport Services, Inc. has a 1 year low of $137.99 and a 1 year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.31 EPS. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.34 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.45 per share. The ex-dividend date was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio is presently 25.50%.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and Johnelle Hunt, the company has grown from a small trucking operation into a major provider of freight transportation and supply-chain services across North America.

The company’s primary business activities include intermodal transportation, which combines rail and truck services; dedicated contract services, which provides customized fleet and delivery operations for individual customers; and integrated capacity solutions, including freight brokerage and third-party logistics.