Wealth High Governance Capital Ltda Takes $7.99 Million Position in J.B. Hunt Transport Services, Inc. $JBHT

Wealth High Governance Capital Ltda purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, HoldingsChannel reports. The firm purchased 27,601 shares of the transportation company’s stock, valued at approximately $7,989,000. J.B. Hunt Transport Services accounts for approximately 2.4% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Summitry LLC increased its holdings in J.B. Hunt Transport Services by 2.9% in the 1st quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock worth $331,000 after acquiring an additional 44 shares in the last quarter. Keybank National Association OH raised its position in J.B. Hunt Transport Services by 2.7% during the first quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock worth $374,000 after acquiring an additional 46 shares during the period. Root Financial Partners LLC lifted its holdings in J.B. Hunt Transport Services by 25.4% during the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 47 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in J.B. Hunt Transport Services by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock valued at $1,827,000 after purchasing an additional 47 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of J.B. Hunt Transport Services by 34.3% in the fourth 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 during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Benchmark raised their price target on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Stifel Nicolaus lifted their price objective on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Morgan Stanley reiterated an “underweight” rating and set a $200.00 price objective (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. Finally, Truist Financial increased their target price on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $275.45 on Monday. The company has a fifty day simple moving average of $278.58 and a 200-day simple moving average of $251.41. The firm has a market capitalization of $25.87 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 1.73 and a beta of 1.30. 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 posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.20. The firm had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $1.31 earnings per share. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the firm’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 transaction, the executive vice president directly owned 790 shares of the company’s stock, valued at $225,252.70. This trade represents a 47.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the business’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 value of $426,015.00. Following the transaction, the executive vice president owned 15,881 shares in the company, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.50% of the company’s stock.

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.