MBB Public Markets I LLC Makes New $832,000 Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

MBB Public Markets I LLC purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,200 shares of the transportation company’s stock, valued at approximately $832,000.

Other hedge funds have also made changes to their positions in the company. Studio Investment Management LLC raised its stake in J.B. Hunt Transport Services by 6.6% during the 2nd quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock valued at $162,000 after purchasing an additional 63 shares during the period. Czech National Bank grew its holdings in shares of J.B. Hunt Transport Services by 0.5% during the first quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock valued at $2,859,000 after buying an additional 75 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in J.B. Hunt Transport Services by 3.7% during 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 buying an additional 83 shares during the period. GAMMA Investing LLC raised its position in 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 valued at $95,000 after buying an additional 96 shares during the period. Finally, Blair William & Co. IL lifted its stake in J.B. Hunt Transport Services by 0.3% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 1.6 %

JBHT opened at $169.60 on Wednesday. The firm has a market cap of $17.50 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50 day moving average price of $169.88 and a 200 day moving average price of $169.58. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the firm posted $1.81 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Analyst Upgrades and Downgrades

JBHT has been the topic of a number of research reports. Barclays dropped their target price on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. TD Cowen cut their target price on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Stifel Nicolaus lowered 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. Susquehanna upped their price target on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Finally, Loop Capital reduced their price objective on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $182.19.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Persio V. Lisboa purchased 600 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was bought at an average price 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 $587,511.18. The disclosure for this purchase can be found here. 2.10% of the stock is currently 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.