5,200 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,200 shares of the transportation company’s stock, valued at approximately $832,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of J.B. Hunt Transport Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock worth $1,946,628,000 after buying an additional 25,109 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in J.B. Hunt Transport Services by 6.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock worth $269,611,000 after acquiring an additional 105,500 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in J.B. Hunt Transport Services by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock valued at $231,416,000 after purchasing an additional 5,179 shares in the last quarter. Dimensional Fund Advisors LP raised its position in J.B. Hunt Transport Services by 25.5% in the 2nd 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 last quarter. Finally, FIL Ltd raised its position in J.B. Hunt Transport Services by 15.7% in the 4th 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 last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Activity

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa acquired 600 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average price of $163.47 per share, with a total value of $98,082.00. Following the purchase, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The shares were 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 owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Persio V. Lisboa bought 600 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of 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. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in 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 for the company in a research note on Wednesday, July 17th. Morgan Stanley lowered their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. BMO Capital Markets reiterated an “outperform” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Tuesday, September 24th. JPMorgan Chase & Co. lowered 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 report on Tuesday, July 9th. Finally, Stifel Nicolaus reduced their price objective 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. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.19.

J.B. Hunt Transport Services Trading Down 1.6 %

NASDAQ JBHT opened at $169.60 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The company has a market capitalization of $17.50 billion, a PE ratio of 26.92, a P/E/G ratio of 2.86 and a beta of 1.15. The stock has a 50-day simple moving average of $169.88 and a 200 day simple moving average of $169.58.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results 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 net margin of 4.90% and a return on equity of 14.77%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.81 earnings per share. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.01%. J.B. Hunt Transport Services’s dividend payout ratio is 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.