Transcend Capital Advisors LLC Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Transcend Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,723 shares of the transportation company’s stock, valued at approximately $247,000.

Several other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA lifted its stake in J.B. Hunt Transport Services by 57.8% in the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 74 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in 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 acquiring an additional 88 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in J.B. Hunt Transport Services by 0.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 15,998 shares of the transportation company’s stock valued at $2,317,000 after acquiring an additional 103 shares in the last quarter. Trust Investment Advisors lifted its stake in J.B. Hunt Transport Services by 2.3% in the 1st quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company’s stock valued at $695,000 after acquiring an additional 104 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in J.B. Hunt Transport Services by 3.4% in the 2nd quarter. Verdence Capital Advisors LLC now owns 3,239 shares of the transportation company’s stock valued at $465,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the sale, the executive vice president directly owned 12,976 shares of the company’s stock, valued at approximately $2,192,944. This trade represents a 33.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Eric Mcgee purchased 1,148 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were purchased at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the purchase, the executive vice president directly owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the topic of several recent analyst reports. Truist Financial boosted their price target on J.B. Hunt Transport Services from $145.00 to $155.00 and gave the stock a “hold” rating in a research report on Thursday, October 16th. Morgan Stanley boosted their price target on J.B. Hunt Transport Services from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 16th. Benchmark boosted their price target on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 8th. Finally, Susquehanna boosted their price target on J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $166.30.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $166.64 on Friday. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The stock’s fifty day moving average price is $145.43 and its two-hundred day moving average price is $143.09. The firm has a market cap of $15.87 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping 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 return on equity of 15.16% and a net margin of 4.75%.J.B. Hunt Transport Services’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 EPS. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services announced that its Board of Directors has approved a share buyback plan on Wednesday, October 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 30.50%.

J.B. Hunt Transport Services Profile

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.