Parcion Private Wealth LLC Takes $224,000 Position in J.B. Hunt Transport Services, Inc. $JBHT

Parcion Private Wealth LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, HoldingsChannel reports. The firm bought 1,558 shares of the transportation company’s stock, valued at approximately $224,000.

A number of other institutional investors have also modified their holdings of JBHT. Summit Securities Group LLC raised its stake in shares of J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 196 shares in the last quarter. Private Trust Co. NA raised its stake in J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after acquiring an additional 74 shares during the period. Allworth Financial LP raised its stake in J.B. Hunt Transport Services by 167.0% during the first quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock worth $35,000 after acquiring an additional 147 shares during the period. National Pension Service raised its stake in J.B. Hunt Transport Services by 74.9% during the first quarter. National Pension Service now owns 306 shares of the transportation company’s stock worth $45,000 after acquiring an additional 131 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in J.B. Hunt Transport Services by 38.6% during the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $168.53 on Thursday. The firm’s 50 day moving average is $142.67 and its two-hundred day moving average is $141.69. 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 $16.31 billion, a P/E ratio of 29.21, a PEG ratio of 2.33 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.46 by $0.30. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. J.B. Hunt Transport Services’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 earnings per share. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be issued a $0.44 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.50%.

J.B. Hunt Transport Services declared that its board has initiated a stock repurchase plan on Wednesday, October 22nd that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on JBHT shares. Baird R W upgraded shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Tuesday, July 1st. Raymond James Financial increased their price objective on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 8th. BMO Capital Markets increased their price objective on shares of J.B. Hunt Transport Services from $172.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Finally, The Goldman Sachs Group set a $164.00 price objective on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.30.

Insider Activity

In related news, EVP Eric Mcgee acquired 1,148 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was acquired at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the acquisition, the executive vice president directly owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by company insiders.

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.