waypoint wealth counsel Purchases New Position in J.B. Hunt Transport Services, Inc. $JBHT

waypoint wealth counsel bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 1,774 shares of the transportation company’s stock, valued at approximately $255,000.

Other institutional investors have also recently made changes to their positions in the company. Summit Securities Group LLC increased its holdings in J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after buying an additional 196 shares in the last quarter. Allworth Financial LP increased its stake in shares of J.B. Hunt Transport Services by 167.0% in the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 147 shares in the last quarter. National Pension Service increased its stake in shares of J.B. Hunt Transport Services by 74.9% in the 1st quarter. National Pension Service now owns 306 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 131 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 88 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 109 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee acquired 1,148 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the acquisition, the executive vice president owned 7,397 shares of the company’s stock, valued at $1,041,201.72. This trade represents a 18.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Keefauver sold 989 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the sale, the executive vice president directly owned 946 shares of the company’s stock, valued at $143,763.62. This represents a 51.11% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $137.09 on Friday. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 2.16 and a beta of 1.24. The company has a fifty day simple moving average of $140.30 and a 200-day simple moving average of $141.03. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the company posted $1.32 EPS. The firm’s revenue was up .0% on a year-over-year basis. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 32.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Stifel Nicolaus reduced their target price on J.B. Hunt Transport Services from $145.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, October 3rd. JPMorgan Chase & Co. cut their price target on shares of J.B. Hunt Transport Services from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a report on Wednesday. Sanford C. Bernstein set a $158.00 price target on shares of J.B. Hunt Transport Services and gave the stock a “market perform” rating in a report on Thursday. Finally, UBS Group cut shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $155.00 to $157.00 in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.00.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.