5,276 Shares of J.B. Hunt Transport Services, Inc. $JBHT Purchased by Curated Wealth Partners LLC

Curated Wealth Partners LLC purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,276 shares of the transportation company’s stock, valued at approximately $1,182,000.

Other hedge funds have also modified their holdings of the company. Elevation Wealth Partners LLC grew 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 valued at $43,000 after buying an additional 125 shares during the last quarter. Basecamp Wealth Advisors LLC raised its holdings in shares of J.B. Hunt Transport Services by 250.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after acquiring an additional 155 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of J.B. Hunt Transport Services by 17.9% in the second quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after acquiring an additional 38 shares during the last quarter. Westpac Banking Corp acquired a new position in shares of J.B. Hunt Transport Services in the first quarter worth $102,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of J.B. Hunt Transport Services by 17.5% in the first quarter. SJS Investment Consulting Inc. now owns 570 shares of the transportation company’s stock valued at $121,000 after acquiring an additional 85 shares in the last quarter. 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 commented on JBHT. UBS Group decreased their price objective on J.B. Hunt Transport Services from $291.00 to $264.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. Robert W. Baird reduced their price objective on shares of J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Benchmark increased their price target on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Weiss Ratings cut J.B. Hunt Transport Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. lowered their price objective on J.B. Hunt Transport Services from $313.00 to $287.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $276.08.

J.B. Hunt Transport Services Trading Up 0.7%

Shares of NASDAQ JBHT traded up $1.72 during trading on Thursday, hitting $233.88. 329,245 shares of the company traded hands, compared to its average volume of 1,008,827. J.B. Hunt Transport Services, Inc. has a 1 year low of $157.82 and a 1 year high of $299.76. The company has a 50-day moving average price of $253.14 and a 200-day moving average price of $259.06. The firm has a market capitalization of $21.97 billion, a P/E ratio of 33.11, a P/E/G ratio of 1.90 and a beta of 1.31. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share 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 business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company posted $1.31 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. On average, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 7.34 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid 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 currently 25.50%.

J.B. Hunt Transport Services Company Profile

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.