Forum Financial Management LP Increases Position in J.B. Hunt Transport Services, Inc. $JBHT

Forum Financial Management LP increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 31.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,922 shares of the transportation company’s stock after buying an additional 455 shares during the quarter. Forum Financial Management LP’s holdings in J.B. Hunt Transport Services were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in JBHT. Wealth Enhancement Advisory Services LLC grew its holdings in shares of J.B. Hunt Transport Services by 8.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock valued at $976,000 after buying an additional 494 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of J.B. Hunt Transport Services by 14.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,542 shares of the transportation company’s stock valued at $820,000 after buying an additional 689 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of J.B. Hunt Transport Services by 4.5% during the first quarter. Asset Management One Co. Ltd. now owns 34,371 shares of the transportation company’s stock valued at $5,085,000 after buying an additional 1,472 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of J.B. Hunt Transport Services by 22.4% during the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock valued at $97,000 after buying an additional 120 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of J.B. Hunt Transport Services by 36.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 11,455 shares of the transportation company’s stock valued at $1,695,000 after buying an additional 3,061 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JBHT. Baird R W raised shares of J.B. Hunt Transport Services to a “strong-buy” rating in a report on Tuesday, July 1st. Robert W. Baird upped their price target on shares of J.B. Hunt Transport Services from $164.00 to $173.00 and gave the company an “outperform” rating in a report on Friday, October 17th. UBS Group upped their price target on shares of J.B. Hunt Transport Services from $157.00 to $174.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Stifel Nicolaus upped their price target on shares of J.B. Hunt Transport Services from $140.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, October 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of J.B. Hunt Transport Services from $170.00 to $176.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.30.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Eric Mcgee bought 1,148 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were purchased at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the transaction, the executive vice president directly owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by company insiders.

J.B. Hunt Transport Services Trading Down 1.0%

JBHT stock opened at $165.11 on Monday. The company’s 50-day simple moving average is $143.55 and its 200-day simple moving average is $142.26. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. 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 $15.98 billion, a P/E ratio of 28.62, a PEG ratio of 2.28 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results 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 firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the firm posted $1.49 EPS. The business’s revenue was down .5% on a year-over-year basis. As a group, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, November 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.50%.

J.B. Hunt Transport Services declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.