Quest Partners LLC Buys 1,269 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Quest Partners LLC boosted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 126,900.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,270 shares of the transportation company’s stock after purchasing an additional 1,269 shares during the period. Quest Partners LLC’s holdings in J.B. Hunt Transport Services were worth $203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Czech National Bank lifted its holdings in shares of J.B. Hunt Transport Services by 0.5% during the 1st quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock valued at $2,859,000 after buying an additional 75 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in J.B. Hunt Transport Services by 3.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,310 shares of the transportation company’s stock worth $460,000 after purchasing an additional 83 shares during the last quarter. Kentucky Retirement Systems grew its stake in shares of J.B. Hunt Transport Services by 1.5% during the 4th quarter. Kentucky Retirement Systems now owns 6,520 shares of the transportation company’s stock valued at $1,302,000 after purchasing an additional 95 shares during the period. GAMMA Investing LLC increased its position in shares of J.B. Hunt Transport Services by 19.3% during the 2nd quarter. GAMMA Investing LLC now owns 593 shares of the transportation company’s stock valued at $95,000 after purchasing an additional 96 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in shares of J.B. Hunt Transport Services by 0.3% in the 1st quarter. Blair William & Co. IL now owns 36,113 shares of the transportation company’s stock worth $7,196,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $168.66 on Monday. The business’s 50-day moving average is $168.21 and its two-hundred day moving average is $172.10. The company has a market capitalization of $17.20 billion, a P/E ratio of 26.77, a P/E/G ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period last year, the firm earned $1.81 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was down 6.5% compared to the same quarter last year. Research analysts predict 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 business 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. This represents a $1.72 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Persio V. Lisboa purchased 600 shares of the business’s 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 acquisition, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JBHT shares. Susquehanna reduced their target price on shares of 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. Morgan Stanley lowered their target price on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. TD Cowen reduced 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 report on Wednesday, July 17th. JPMorgan Chase & Co. lowered their price objective on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Finally, Evercore ISI reduced their target price on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.88.

J.B. Hunt Transport Services Company 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.