Pallas Capital Advisors LLC Acquires New Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Pallas Capital Advisors LLC purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, HoldingsChannel reports. The firm purchased 11,602 shares of the transportation company’s stock, valued at approximately $3,358,000.

Several other large investors also recently modified their holdings of JBHT. Sivia Capital Partners LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter worth about $539,000. HighTower Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 71.7% during the 4th quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock valued at $1,882,000 after buying an additional 4,043 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of J.B. Hunt Transport Services by 48.6% during the 4th quarter. Merit Financial Group LLC now owns 13,849 shares of the transportation company’s stock valued at $2,692,000 after buying an additional 4,527 shares in the last quarter. Bank of America Corp DE grew its stake in shares of J.B. Hunt Transport Services by 2.4% during the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock valued at $96,332,000 after acquiring an additional 10,664 shares during the period. Finally, Greenwood Gearhart Inc. grew its stake in shares of J.B. Hunt Transport Services by 4.3% during the 4th quarter. Greenwood Gearhart Inc. now owns 201,839 shares of the transportation company’s stock valued at $39,225,000 after acquiring an additional 8,270 shares during the period. Institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

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

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of analyst reports. Citizens Jmp initiated coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Raymond James Financial lifted their target price on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. UBS Group upped their target price on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings upgraded J.B. Hunt Transport Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Trading Up 1.3%

Shares of JBHT opened at $283.37 on Tuesday. The company’s fifty day moving average is $279.58 and its 200 day moving average is $249.49. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The stock has a market capitalization of $26.61 billion, a PE ratio of 40.14, a P/E/G ratio of 1.76 and a beta of 1.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating 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 business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the business earned $1.31 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% compared to the same quarter last year. Sell-side analysts expect 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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 25.50%.

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.