J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by Xponance Inc.

Xponance Inc. grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 116.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,493 shares of the transportation company’s stock after purchasing an additional 15,312 shares during the period. Xponance Inc.’s holdings in J.B. Hunt Transport Services were worth $4,559,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JBHT. Jacobs Levy Equity Management Inc. increased its holdings in shares of J.B. Hunt Transport Services by 2,722.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock valued at $108,600,000 after purchasing an additional 525,729 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after purchasing an additional 193,684 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $19,755,000. FIL Ltd increased its holdings in shares of J.B. Hunt Transport Services by 15.7% during the fourth quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock valued at $177,336,000 after purchasing an additional 120,202 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $16,887,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Evercore ISI lowered their target price on J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Susquehanna lowered their target price on J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Wednesday, July 17th. Stifel Nicolaus lowered their target price on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a report on Tuesday, July 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.88.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was purchased at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the transaction, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Persio V. Lisboa purchased 600 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average cost of $163.47 per share, with a total value of $98,082.00. Following the purchase, the director now owns 3,594 shares in the company, valued at approximately $587,511.18. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Trading Up 2.5 %

NASDAQ:JBHT opened at $174.48 on Wednesday. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $169.11 and a 200 day simple moving average of $170.55.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the business posted $1.81 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given a dividend of $0.43 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a yield of 0.99%. J.B. Hunt Transport Services’s payout ratio 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.