UMB Bank n.a. Has $76,000 Position in J.B. Hunt Transport Services, Inc. $JBHT

UMB Bank n.a. grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 85.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 526 shares of the transportation company’s stock after purchasing an additional 243 shares during the period. UMB Bank n.a.’s holdings in J.B. Hunt Transport Services were worth $76,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its holdings in shares of J.B. Hunt Transport Services by 13.2% during the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock worth $108,000 after buying an additional 85 shares in the last quarter. Trust Investment Advisors increased its holdings in J.B. Hunt Transport Services by 2.3% during the 1st quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company’s stock valued at $695,000 after purchasing an additional 104 shares in the last quarter. TD Private Client Wealth LLC raised its position in J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 109 shares during the last quarter. Bessemer Group Inc. boosted its stake in J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock worth $97,000 after purchasing an additional 120 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of J.B. Hunt Transport Services by 34.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company’s stock worth $71,000 after purchasing an additional 123 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Wednesday, July 16th. Robert W. Baird initiated coverage on J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They set an “outperform” rating and a $169.00 target price for the company. UBS Group cut shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $155.00 to $157.00 in a report on Friday, September 5th. Truist Financial increased their target price on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.57.

J.B. Hunt Transport Services Stock Down 0.4%

Shares of JBHT stock opened at $132.40 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.07 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The firm’s 50-day moving average is $142.37 and its 200-day moving average is $142.02.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results 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). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 EPS. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 32.00%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of the stock in a transaction on Wednesday, July 23rd. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eric Mcgee acquired 1,148 shares of the stock in a transaction on Monday, August 4th. The shares were purchased at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the transaction, the executive vice president owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Company 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.