J. Goldman & Co LP Invests $2.33 Million in J.B. Hunt Transport Services, Inc. $JBHT

J. Goldman & Co LP acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,052 shares of the transportation company’s stock, valued at approximately $2,330,000.

Several other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of J.B. Hunt Transport Services by 74.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock worth $2,314,000 after acquiring an additional 6,668 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after purchasing an additional 13,729 shares in the last quarter. Empowered Funds LLC lifted its position in shares of J.B. Hunt Transport Services by 27.8% in the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after purchasing an additional 385 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth $539,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in J.B. Hunt Transport Services by 21.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the topic of several analyst reports. Susquehanna set a $345.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Weiss Ratings upgraded J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. JPMorgan Chase & Co. increased their price target on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Raymond James Financial raised their price target on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Finally, Robert W. Baird boosted their price target on J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

Insider Activity

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the stock in a transaction dated 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 represents a 47.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the firm’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 transaction of $426,015.00. Following the sale, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Trading Up 0.9%

J.B. Hunt Transport Services stock opened at $262.18 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50-day simple moving average of $277.76 and a 200 day simple moving average of $251.92. The stock has a market capitalization of $24.62 billion, a P/E ratio of 37.14, a PEG ratio of 1.63 and a beta of 1.30. 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 released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted $1.31 earnings per share. Analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business 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. 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 payout ratio is currently 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.