2,517 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,517 shares of the transportation company’s stock, valued at approximately $502,000.

Several other large investors have also recently made changes to their positions in JBHT. VisionPoint Advisory Group LLC boosted its stake in J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after buying an additional 87 shares during the last quarter. Neo Ivy Capital Management acquired a new position in J.B. Hunt Transport Services during the fourth quarter worth $49,000. Exchange Traded Concepts LLC boosted its stake in J.B. Hunt Transport Services by 26.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after buying an additional 62 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in J.B. Hunt Transport Services by 75.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 350 shares of the transportation company’s stock worth $70,000 after buying an additional 150 shares during the last quarter. Finally, Burkett Financial Services LLC acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at $86,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JBHT. Stephens decreased their price target on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. TD Cowen decreased their price target on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Barclays decreased their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Loop Capital decreased their price target on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Finally, Benchmark reaffirmed a “buy” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $191.38.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CEO John N. Roberts bought 6,200 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were acquired at an average price of $161.06 per share, with a total value of $998,572.00. Following the transaction, the chief executive officer now owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Up 1.8 %

NASDAQ JBHT traded up $2.88 during trading hours on Friday, hitting $160.00. 1,528,883 shares of the company were exchanged, compared to its average volume of 792,962. The company has a 50 day moving average of $161.56 and a two-hundred day moving average of $185.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.82 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.12 billion. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.