Sequoia Financial Advisors LLC Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Sequoia Financial Advisors LLC bought a new stake in 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 firm bought 3,464 shares of the transportation company’s stock, valued at approximately $497,000.

Other large investors also recently modified their holdings of the company. Summit Securities Group LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 196 shares in the last quarter. Allworth Financial LP lifted its holdings 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 valued at $35,000 after purchasing an additional 147 shares in the last quarter. National Pension Service lifted its holdings 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 valued at $45,000 after purchasing an additional 131 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 38.6% in the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 88 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings 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 valued at $49,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insiders Place Their Bets

In related news, EVP David Keefauver sold 989 shares of the business’s 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 in the company, valued at approximately $143,763.62. The trade was 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 firm’s stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the purchase, the executive vice president owned 7,397 shares in the company, valued at $1,041,201.72. This trade represents a 18.37% increase in their position. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $165.49 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The firm has a market cap of $16.02 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 2.29 and a beta of 1.24. The business’s fifty day moving average is $141.69 and its 200 day moving average is $141.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the company posted $1.49 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Research 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 business 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services’s payout ratio is presently 30.50%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JBHT. Baird R W upgraded J.B. Hunt Transport Services to a “strong-buy” rating in a report on Tuesday, July 1st. Evercore ISI lifted their price target on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Stifel Nicolaus lifted their price target on J.B. Hunt Transport Services from $140.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday. TD Cowen lifted their price target on J.B. Hunt Transport Services from $140.00 to $152.00 and gave the stock a “hold” rating in a report on Thursday, October 16th. Finally, Robert W. Baird lifted their price target on J.B. Hunt Transport Services from $164.00 to $173.00 and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $165.55.

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.