J.B. Hunt Transport Services, Inc. $JBHT Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 335.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,067 shares of the transportation company’s stock after buying an additional 14,693 shares during the quarter. Vise Technologies Inc.’s holdings in J.B. Hunt Transport Services were worth $4,272,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Reyes Financial Architecture Inc. purchased a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at $26,000. Elevation Wealth Partners LLC boosted its stake in shares of J.B. Hunt Transport Services by 500.0% during the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 125 shares during the last quarter. Basecamp Wealth Advisors LLC boosted its stake in shares of J.B. Hunt Transport Services by 250.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 155 shares during the last quarter. Sawyer & Company Inc purchased a new stake in J.B. Hunt Transport Services during the 3rd quarter worth about $67,000. Finally, Parkside Financial Bank & Trust increased its position in J.B. Hunt Transport Services by 17.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $224.64 on Wednesday. The company has a market cap of $20.94 billion, a P/E ratio of 31.55, a P/E/G ratio of 1.86 and a beta of 1.26. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a 52 week low of $157.82 and a 52 week high of $299.76. The business has a fifty day simple moving average of $240.17 and a 200-day simple moving average of $245.95.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.01. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.25 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio is currently 25.28%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JBHT. Wells Fargo & Company cut their target price on shares of J.B. Hunt Transport Services from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Stifel Nicolaus decreased their price target on shares of J.B. Hunt Transport Services from $292.00 to $289.00 and set a “hold” rating on the stock in a research note on Thursday, October 8th. William Blair set a $300.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, October 16th. UBS Group boosted their price objective on shares of J.B. Hunt Transport Services from $264.00 to $273.00 and gave the company a “neutral” rating in a research report on Friday, October 16th. Finally, Wall Street Zen lowered shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $273.76.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company’s principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.