Integrated Wealth Concepts LLC Boosts Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Integrated Wealth Concepts LLC lifted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 32.2% in the second quarter, HoldingsChannel reports. The fund owned 15,620 shares of the transportation company’s stock after acquiring an additional 3,801 shares during the period. Integrated Wealth Concepts LLC’s holdings in J.B. Hunt Transport Services were worth $4,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in J.B. Hunt Transport Services by 37,492.5% during the second quarter. California State Teachers Retirement System now owns 33,209,198 shares of the transportation company’s stock valued at $9,611,738,000 after purchasing an additional 33,120,858 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth $1,833,602,000. State Street Corp raised its position in shares of J.B. Hunt Transport Services by 7.1% during the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after purchasing an additional 272,594 shares during the period. Janus Henderson Group PLC raised its position in shares of J.B. Hunt Transport Services by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock valued at $843,937,000 after purchasing an additional 41,887 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 17.7% during the 4th quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock valued at $729,780,000 after buying an additional 565,605 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $270.45 on Friday. 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 company has a market cap of $25.40 billion, a P/E ratio of 38.31, a P/E/G ratio of 2.05 and a beta of 1.29. The firm’s fifty day moving average is $274.75 and its two-hundred day moving average is $255.48. 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 EPS for the quarter, beating the consensus estimate of $1.71 by $0.20. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis 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%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Raymond James Financial boosted their price objective on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a research 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. TD Cowen increased their target price on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Sunday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Through its operating segments, the company provides freight transportation, logistics and supply-chain services to customers across North America.

Its principal businesses include intermodal transportation, which combines rail and trucking; dedicated contract services, which provides customized transportation and fleet-management solutions; and integrated capacity solutions, which matches customer freight with available transportation capacity.