Healthcare of Ontario Pension Plan Trust Fund Takes Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,300 shares of the transportation company’s stock, valued at approximately $5,488,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JBHT. Sanctuary Advisors LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $690,000. New Wave Wealth Advisors LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $1,725,000. Cetera Investment Advisers increased its holdings in J.B. Hunt Transport Services by 49.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,520 shares of the transportation company’s stock worth $2,003,000 after buying an additional 4,122 shares in the last quarter. Creative Planning increased its holdings in J.B. Hunt Transport Services by 14.1% in the 2nd quarter. Creative Planning now owns 9,840 shares of the transportation company’s stock worth $1,574,000 after buying an additional 1,213 shares in the last quarter. Finally, Scientech Research LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $1,452,000. 74.95% of the stock is currently owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa bought 600 shares of J.B. Hunt Transport Services stock in a transaction on Friday, July 19th. The shares were acquired at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other J.B. Hunt Transport Services news, Director Persio V. Lisboa bought 600 shares of J.B. Hunt Transport Services stock in a transaction on Friday, July 19th. The shares were acquired at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Down 1.3 %

Shares of JBHT opened at $164.52 on Friday. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The business’s 50 day simple moving average is $169.75 and its 200-day simple moving average is $169.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly 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). J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the company posted $1.81 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were issued a dividend of $0.43 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.72 annualized dividend and a yield of 1.05%. J.B. Hunt Transport Services’s payout ratio is presently 27.30%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JBHT. Barclays cut their price target on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Benchmark restated a “buy” rating and set a $185.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday. Evercore ISI cut their price target on J.B. Hunt Transport Services from $185.00 to $183.00 and set an “outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. cut their price target on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, BMO Capital Markets restated an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Tuesday, September 24th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.06.

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.