Sanctuary Advisors LLC Invests $3.17 Million in J.B. Hunt Transport Services, Inc. $JBHT

Sanctuary Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,943 shares of the transportation company’s stock, valued at approximately $3,167,000.

A number of other hedge funds and other institutional investors have also modified their holdings of JBHT. Elevation Wealth Partners LLC increased its stake in J.B. Hunt Transport Services by 500.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock valued at $43,000 after buying an additional 125 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $32,000. CIBC Private Wealth Group LLC boosted its holdings 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 acquiring an additional 48 shares in the last quarter. Activest Wealth Management boosted its holdings in shares of J.B. Hunt Transport Services by 19,800.0% in the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 198 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $31,000. 74.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JBHT has been the topic of several recent analyst reports. Raymond James Financial boosted their target price on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Evercore reiterated an “outperform” rating and set a $248.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Finally, Wells Fargo & Company upped their price objective on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $286.30.

Insider Activity

In other news, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Keefauver sold 703 shares of the business’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 transaction of $200,446.39. Following the sale, the executive vice president owned 790 shares in the company, valued at $225,252.70. This represents a 47.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Up 0.9%

Shares of J.B. Hunt Transport Services stock opened at $262.18 on Wednesday. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $299.76. The firm has a market capitalization of $24.62 billion, a PE ratio of 37.14, a price-to-earnings-growth ratio of 1.63 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. The stock’s fifty day moving average is $277.76 and its 200-day moving average is $251.92.

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 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 analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.J.B. Hunt Transport Services’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the company posted $1.31 EPS. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

J.B. Hunt Transport Services 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.