Wahed Invest LLC Buys 138 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Wahed Invest LLC lifted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,401 shares of the transportation company’s stock after purchasing an additional 138 shares during the quarter. Wahed Invest LLC’s holdings in J.B. Hunt Transport Services were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in shares of J.B. Hunt Transport Services by 3.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,357 shares of the transportation company’s stock valued at $1,952,000 after buying an additional 303 shares in the last quarter. Aviva PLC increased its stake in shares of J.B. Hunt Transport Services by 45.3% in the 3rd quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock valued at $9,832,000 after purchasing an additional 16,249 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of J.B. Hunt Transport Services by 22.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 1,727 shares of the transportation company’s stock valued at $326,000 after purchasing an additional 319 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter valued at approximately $7,736,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in J.B. Hunt Transport Services during the 3rd quarter worth approximately $997,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.5 %

NASDAQ JBHT opened at $158.01 on Tuesday. 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 business has a 50 day moving average price of $166.57 and a 200-day moving average price of $188.20. The company has a market cap of $16.31 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 1.79 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.12 billion. As a group, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current fiscal 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 1.09%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services’s payout ratio is presently 27.30%.

Insider Buying and Selling

In related news, CEO John N. Roberts purchased 6,200 shares of the business’s stock in a transaction on Friday, April 26th. The stock was acquired at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on JBHT shares. Bank of America decreased their target price on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price objective on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Loop Capital lowered their price target on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a report on Thursday, April 18th. Robert W. Baird reduced their price objective on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus lowered their target price on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

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.