12,813 Shares in J.B. Hunt Transport Services, Inc. $JBHT Bought by Bull Harbor Capital LLC

Bull Harbor Capital LLC acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the first quarter, Holdings Channel.com reports. The firm acquired 12,813 shares of the transportation company’s stock, valued at approximately $2,715,000. J.B. Hunt Transport Services makes up approximately 0.7% of Bull Harbor Capital LLC’s portfolio, making the stock its 18th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at about $31,000. International Assets Investment Management LLC acquired a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth about $32,000. MUFG Securities EMEA plc purchased a new position in J.B. Hunt Transport Services in the second quarter valued at about $34,000. Whittier Trust Co. grew its stake in J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 50 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. Susquehanna set a $345.00 target price on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Evercore restated an “outperform” rating and issued a $248.00 price target on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Finally, Argus set a $285.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $286.30.

Insider Activity

In other news, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president directly owned 790 shares in the company, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the transaction, the executive vice president directly owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,847 shares of company stock valued at $4,162,861 over the last quarter. 2.50% of the stock is owned by company insiders.

J.B. Hunt Transport Services Trading Down 0.5%

NASDAQ:JBHT opened at $276.14 on Thursday. The company has a market cap of $25.94 billion, a PE ratio of 39.11, a P/E/G ratio of 1.75 and a beta of 1.29. The business’s 50 day moving average is $279.82 and its two-hundred day moving average is $243.40. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 EPS. On average, analysts predict that J.B. Hunt Transport Services, Inc. will post 7.71 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is presently 25.50%.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.