Shellback Capital LP Boosts Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Shellback Capital LP lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 25.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,000 shares of the transportation company’s stock after purchasing an additional 14,000 shares during the quarter. Shellback Capital LP’s holdings in J.B. Hunt Transport Services were worth $11,200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of JBHT. Versant Capital Management Inc boosted its holdings in J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $31,000. nVerses Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $32,000. Ashton Thomas Private Wealth LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $36,000. Finally, YHB Investment Advisors Inc. purchased a new position in J.B. Hunt Transport Services during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JBHT. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Tuesday. Evercore ISI dropped their price target on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Benchmark decreased their price objective on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Stifel Nicolaus lowered their target price on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a research note on Tuesday, July 23rd. Finally, TD Cowen cut their price target on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Seven 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, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $182.19.

J.B. Hunt Transport Services Stock Down 0.1 %

NASDAQ JBHT opened at $171.51 on Friday. The business has a fifty day moving average price of $169.48 and a 200 day moving average price of $170.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $17.70 billion, a P/E ratio of 27.22, a P/E/G ratio of 2.86 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Insider Activity

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

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.