Ashton Thomas Private Wealth LLC Acquires Shares of 225 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Ashton Thomas Private Wealth LLC acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 225 shares of the transportation company’s stock, valued at approximately $36,000.

A number of other institutional investors also recently bought and sold shares of the business. Czech National Bank increased its stake in J.B. Hunt Transport Services by 0.5% in the first quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock valued at $2,859,000 after purchasing an additional 75 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in J.B. Hunt Transport Services by 3.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,310 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 83 shares during the period. Kentucky Retirement Systems increased its stake in shares of J.B. Hunt Transport Services by 1.5% during the fourth quarter. Kentucky Retirement Systems now owns 6,520 shares of the transportation company’s stock worth $1,302,000 after acquiring an additional 95 shares during the period. GAMMA Investing LLC increased its stake in shares of J.B. Hunt Transport Services by 19.3% during the second quarter. GAMMA Investing LLC now owns 593 shares of the transportation company’s stock worth $95,000 after acquiring an additional 96 shares during the period. Finally, Blair William & Co. IL increased its stake in shares of J.B. Hunt Transport Services by 0.3% during the first quarter. Blair William & Co. IL now owns 36,113 shares of the transportation company’s stock worth $7,196,000 after acquiring an additional 97 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Down 0.7 %

Shares of NASDAQ JBHT opened at $167.40 on Tuesday. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a market capitalization of $17.28 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s 50-day moving average is $168.40 and its two-hundred day moving average is $171.83.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the company earned $1.81 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s payout ratio is 27.30%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Evercore ISI dropped their price target on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Susquehanna dropped their price target on shares of J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 17th. BMO Capital Markets boosted their price target on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Stifel Nicolaus dropped their price target on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a research note on Tuesday, July 23rd. Finally, Barclays dropped their price target on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.88.

Insider Activity at J.B. Hunt Transport Services

In other news, Director Persio V. Lisboa acquired 600 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Persio V. Lisboa acquired 600 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

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.