MidFirst Bank Purchases Shares of 1,966 J.B. Hunt Transport Services, Inc. $JBHT

MidFirst Bank purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,966 shares of the transportation company’s stock, valued at approximately $569,000.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $1,833,602,000. Pallas Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth approximately $3,358,000. Deutsche Bank AG acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth approximately $106,870,000. Perigon Wealth Management LLC purchased a new position in J.B. Hunt Transport Services in the second quarter valued at approximately $1,279,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in J.B. Hunt Transport Services in the second quarter valued at approximately $212,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $283.37 on Tuesday. The firm has a fifty day simple moving average of $279.58 and a 200-day simple moving average of $249.49. The company has a market capitalization of $26.61 billion, a PE ratio of 40.14, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $299.76. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the firm posted $1.31 EPS. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share 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, August 21st. Stockholders 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 dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.50%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. TD Cowen lifted their target price on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Citizens Jmp initiated coverage on J.B. Hunt Transport Services in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Citigroup restated a “market perform” rating on shares of J.B. Hunt Transport Services in a research note on Monday, July 20th. Argus set a $285.00 target price on J.B. Hunt Transport Services in a research report on Monday, April 20th. Finally, The Goldman Sachs Group set a $261.00 target price on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

Insider Activity

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

J.B. Hunt Transport Services Company Profile

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.