Financial Partners Group LLC Has $1.54 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Financial Partners Group LLC grew its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 50.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,622 shares of the transportation company’s stock after buying an additional 3,238 shares during the quarter. Financial Partners Group LLC’s holdings in J.B. Hunt Transport Services were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services in the fourth quarter worth approximately $11,513,000. Prime Capital Investment Advisors LLC increased its position in J.B. Hunt Transport Services by 19.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 1,453 shares of the transportation company’s stock worth $290,000 after buying an additional 236 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in J.B. Hunt Transport Services by 2.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,035 shares of the transportation company’s stock valued at $2,803,000 after buying an additional 340 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 1.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,154 shares of the transportation company’s stock worth $3,826,000 after buying an additional 340 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in shares of J.B. Hunt Transport Services by 75.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 350 shares of the transportation company’s stock worth $70,000 after acquiring an additional 150 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Bank of America reduced their target price on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Evercore ISI reduced their price objective on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lowered their target price on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Stephens cut their target price on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Finally, TD Cowen decreased their price target on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.88.

J.B. Hunt Transport Services Stock Performance

JBHT traded down $0.32 during trading on Monday, reaching $162.77. 553,442 shares of the company’s stock were exchanged, compared to its average volume of 870,051. The company has a market capitalization of $16.80 billion, a P/E ratio of 25.84, a PEG ratio of 2.82 and a beta of 1.14. The company has a quick ratio of 1.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $161.97 and a 200 day moving average price of $178.57. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.19). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. J.B. Hunt Transport Services’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.81 earnings per share. As a group, analysts predict that J.B. Hunt Transport Services, Inc. will post 5.73 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be issued a $0.43 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.06%. J.B. Hunt Transport Services’s payout ratio is presently 27.30%.

Insider Buying and Selling

In other news, Director Persio V. Lisboa bought 600 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, July 19th. The shares were bought at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the purchase, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services 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.