J.B. Hunt Transport Services, Inc. $JBHT Shares Bought by Ieq Capital LLC

Ieq Capital LLC grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 82.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,090 shares of the transportation company’s stock after acquiring an additional 9,519 shares during the period. Ieq Capital LLC’s holdings in J.B. Hunt Transport Services were worth $3,120,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Summit Securities Group LLC raised its position in shares of J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock worth $29,000 after acquiring an additional 196 shares during the period. Allworth Financial LP raised its position in shares of J.B. Hunt Transport Services by 167.0% in the first quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock worth $35,000 after acquiring an additional 147 shares during the period. National Pension Service raised its position in shares of J.B. Hunt Transport Services by 74.9% in the first quarter. National Pension Service now owns 306 shares of the transportation company’s stock worth $45,000 after acquiring an additional 131 shares during the period. TD Private Client Wealth LLC raised its position in shares of J.B. Hunt Transport Services by 49.3% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock worth $49,000 after acquiring an additional 109 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of J.B. Hunt Transport Services by 34.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company’s stock worth $71,000 after acquiring an additional 123 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Eric Mcgee acquired 1,148 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $140.76 per share, with a total value of $161,592.48. Following the purchase, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Keefauver sold 989 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the sale, the executive vice president directly owned 946 shares of the company’s stock, valued at approximately $143,763.62. This represents a 51.11% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $163.00 price objective (up previously from $150.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. UBS Group reiterated a “buy” rating on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Bank of America boosted their target price on shares of J.B. Hunt Transport Services from $166.00 to $171.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Barclays boosted their target price on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.90.

J.B. Hunt Transport Services Stock Up 0.7%

JBHT stock opened at $144.99 on Friday. The stock has a market capitalization of $14.04 billion, a P/E ratio of 26.36, a P/E/G ratio of 2.23 and a beta of 1.29. The firm has a 50-day simple moving average of $146.56 and a 200-day simple moving average of $145.24. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the company posted $1.32 EPS. The firm’s revenue was up .0% on a year-over-year basis. Equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share 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 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 32.00%.

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.