J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,673 shares of the transportation company’s stock after purchasing an additional 156 shares during the period. SteelPeak Wealth LLC’s holdings in J.B. Hunt Transport Services were worth $428,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in J.B. Hunt Transport Services by 13.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,761 shares of the transportation company’s stock worth $602,000 after purchasing an additional 437 shares during the period. Financial Partners Group LLC grew its stake in shares of J.B. Hunt Transport Services by 50.7% in the second quarter. Financial Partners Group LLC now owns 9,622 shares of the transportation company’s stock valued at $1,540,000 after buying an additional 3,238 shares in the last quarter. Czech National Bank grew its stake in shares of J.B. Hunt Transport Services by 8.3% in the second quarter. Czech National Bank now owns 15,535 shares of the transportation company’s stock valued at $2,486,000 after buying an additional 1,188 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of J.B. Hunt Transport Services by 2.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 387,327 shares of the transportation company’s stock valued at $61,972,000 after buying an additional 8,084 shares during the period. Finally, SG Americas Securities LLC lifted its position in J.B. Hunt Transport Services by 31.5% during the 2nd quarter. SG Americas Securities LLC now owns 19,568 shares of the transportation company’s stock worth $3,131,000 after acquiring an additional 4,687 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa bought 600 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were purchased at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the transaction, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the topic of a number of recent analyst reports. Barclays cut their price objective on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Susquehanna reduced their price target on J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Wednesday, July 17th. Loop Capital dropped their price objective on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. BMO Capital Markets upped their target price on J.B. Hunt Transport Services from $188.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average price target of $181.88.

J.B. Hunt Transport Services Stock Performance

JBHT traded up $0.87 during trading on Friday, reaching $168.13. 24,283 shares of the company were exchanged, compared to its average volume of 864,188. The company has a current ratio of 1.21, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market cap of $17.35 billion, a P/E ratio of 26.55, a PEG ratio of 2.82 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The firm has a 50 day moving average of $162.33 and a 200 day moving average of $178.09.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $1.81 EPS. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.73 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.02%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

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.