4,258 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,258 shares of the transportation company’s stock, valued at approximately $690,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBHT. New Wave Wealth Advisors LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at $1,725,000. Cetera Investment Advisers boosted its holdings in J.B. Hunt Transport Services by 49.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,520 shares of the transportation company’s stock valued at $2,003,000 after acquiring an additional 4,122 shares during the period. Creative Planning grew its position in J.B. Hunt Transport Services by 14.1% during the 2nd quarter. Creative Planning now owns 9,840 shares of the transportation company’s stock worth $1,574,000 after acquiring an additional 1,213 shares during the last quarter. Scientech Research LLC purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $1,452,000. Finally, Shellback Capital LP lifted its position in J.B. Hunt Transport Services by 25.0% in the second quarter. Shellback Capital LP now owns 70,000 shares of the transportation company’s stock valued at $11,200,000 after purchasing an additional 14,000 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on JBHT. Stifel Nicolaus cut 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 report on Tuesday, July 23rd. JPMorgan Chase & Co. cut their target price on 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. Loop Capital dropped their target price on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. The Goldman Sachs Group reduced their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Tuesday, September 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.50.

Insider Activity at J.B. Hunt Transport Services

In related news, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated 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 $2,476,674.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction on Friday, July 19th. The shares were purchased 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 in the company, valued at approximately $587,511.18. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $170.72 on Monday. The stock has a market cap of $17.62 billion, a PE ratio of 27.10, a P/E/G ratio of 2.84 and a beta of 1.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The business’s 50-day simple moving average is $169.43 and its two-hundred day simple moving average is $168.04. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business earned $1.81 earnings per share. As a group, analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.6 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given 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 1.01%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.30%.

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.