Krilogy Financial LLC Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Krilogy Financial LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,477 shares of the transportation company’s stock, valued at approximately $1,003,000.

A number of other large investors also recently made changes to their positions in JBHT. Root Financial Partners LLC bought a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at $25,000. Cromwell Holdings LLC boosted its position in shares of J.B. Hunt Transport Services by 52.2% in the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 71 shares during the period. Private Trust Co. NA grew its stake in shares of J.B. Hunt Transport Services by 57.8% in the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 74 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of J.B. Hunt Transport Services by 41.5% in the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 66 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in J.B. Hunt Transport Services by 52.8% during the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after acquiring an additional 76 shares during the period. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

JBHT has been the topic of a number of analyst reports. UBS Group increased their target price on shares of J.B. Hunt Transport Services from $174.00 to $196.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Robert W. Baird raised their price objective on J.B. Hunt Transport Services from $173.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. TD Cowen reiterated a “hold” rating on shares of J.B. Hunt Transport Services in a research report on Monday, January 12th. Wolfe Research reissued an “outperform” rating and set a $214.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday, January 8th. Finally, Truist Financial boosted their price target on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $200.05.

J.B. Hunt Transport Services Trading Down 5.1%

Shares of JBHT opened at $218.72 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $234.82. The firm has a market cap of $20.83 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 1.87 and a beta of 1.27. The business’s fifty day moving average is $204.87 and its 200-day moving average is $170.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the firm posted $1.53 earnings per share. J.B. Hunt Transport Services’s revenue was down 1.6% compared to the same quarter last year. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 6th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, February 6th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. J.B. Hunt Transport Services’s payout ratio is currently 29.32%.

J.B. Hunt Transport Services announced that its board has approved a share repurchase plan on Wednesday, October 22nd that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, EVP Darren P. Field sold 9,000 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $219.76, for a total transaction of $1,977,840.00. Following the sale, the executive vice president directly owned 10,736 shares of the company’s stock, valued at approximately $2,359,343.36. This trade represents a 45.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bradley W. Hicks sold 4,028 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $225.13, for a total transaction of $906,823.64. Following the sale, the insider owned 30,395 shares in the company, valued at approximately $6,842,826.35. This represents a 11.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 32,316 shares of company stock valued at $6,727,749. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.