Savvy Advisors Inc. Buys Shares of 2,944 J.B. Hunt Transport Services, Inc. $JBHT

Savvy Advisors Inc. purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,944 shares of the transportation company’s stock, valued at approximately $395,000.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in J.B. Hunt Transport Services by 411.5% during the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after purchasing an additional 1,447,993 shares during the last quarter. Norges Bank bought a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $91,094,000. Park Presidio Capital LLC lifted its stake in shares of J.B. Hunt Transport Services by 149.5% during the 2nd quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company’s stock valued at $96,337,000 after buying an additional 401,937 shares in the last quarter. First Trust Advisors LP boosted its holdings in J.B. Hunt Transport Services by 178.9% in the 2nd quarter. First Trust Advisors LP now owns 428,704 shares of the transportation company’s stock worth $61,562,000 after buying an additional 275,017 shares during the period. Finally, State Street Corp grew its stake in J.B. Hunt Transport Services by 7.1% in the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after buying an additional 272,594 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Activity

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 1,588 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $189.29, for a total transaction of $300,592.52. Following the transaction, the executive vice president directly owned 550 shares of the company’s stock, valued at approximately $104,109.50. This trade represents a 74.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradley W. Hicks sold 4,028 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total transaction of $906,823.64. Following the completion of the sale, the insider directly owned 30,395 shares of the company’s stock, valued at $6,842,826.35. This trade represents a 11.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 32,316 shares of company stock worth $6,727,749. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JBHT shares. TD Cowen restated a “hold” rating on shares of J.B. Hunt Transport Services in a research report on Monday, January 12th. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $160.00 to $240.00 in a report on Thursday, January 8th. Truist Financial lifted their target price on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, January 15th. BMO Capital Markets reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Friday, January 16th. Finally, UBS Group raised their price objective on shares of J.B. Hunt Transport Services from $174.00 to $196.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.05.

J.B. Hunt Transport Services Trading Up 1.4%

Shares of J.B. Hunt Transport Services stock opened at $221.76 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.87. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $234.82. The firm has a market cap of $21.12 billion, a PE ratio of 36.12, a PEG ratio of 1.80 and a beta of 1.27. The company has a 50 day simple moving average of $205.53 and a two-hundred day simple moving average of $171.01.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted 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 net margin of 4.99% and a return on equity of 16.33%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company posted $1.53 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 6th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, February 6th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 29.32%.

J.B. Hunt Transport Services 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.