SteelPeak Wealth LLC Purchases 156 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

SteelPeak Wealth LLC raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,673 shares of the transportation company’s stock after acquiring an additional 156 shares during the quarter. SteelPeak Wealth LLC’s holdings in J.B. Hunt Transport Services were worth $428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position 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 acquiring an additional 25,109 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of J.B. Hunt Transport Services by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock worth $433,186,000 after acquiring an additional 62,313 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of J.B. Hunt Transport Services by 7,720.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock worth $196,485,000 after acquiring an additional 971,124 shares in the last quarter. Norges Bank bought a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth about $185,299,000. Finally, FIL Ltd increased its position 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 worth $177,336,000 after acquiring an additional 120,202 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock traded up $0.87 during trading on Friday, reaching $168.13. 24,283 shares of the company’s stock traded hands, compared to its average volume of 864,188. The company has a market capitalization of $17.35 billion, a P/E ratio of 26.55, a PEG ratio of 2.82 and a beta of 1.14. 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 firm’s 50-day moving average is $162.33 and its 200 day moving average is $178.09. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly 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 for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 earnings per share. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.73 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be issued 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 of this dividend is Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JBHT shares. Susquehanna decreased 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 research report on Wednesday, July 17th. JPMorgan Chase & Co. cut their price target on shares of 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. Morgan Stanley cut their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Benchmark cut their price target on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, BMO Capital Markets boosted their price target on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $181.88.

Insider Buying and Selling

In other news, Director Persio V. Lisboa bought 600 shares of the firm’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 acquisition, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

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.