Parisi Gray Wealth Management Acquires New Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Parisi Gray Wealth Management bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, Holdings Channel reports. The institutional investor bought 401 shares of the transportation company’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds also recently modified their holdings of JBHT. Kore Private Wealth LLC boosted its holdings in J.B. Hunt Transport Services by 4.0% during the 2nd quarter. Kore Private Wealth LLC now owns 2,466 shares of the transportation company’s stock valued at $402,000 after acquiring an additional 95 shares during the period. Durable Capital Partners LP grew its stake in shares of J.B. Hunt Transport Services by 3.8% in the 2nd quarter. Durable Capital Partners LP now owns 3,424,638 shares of the transportation company’s stock valued at $558,045,000 after purchasing an additional 125,588 shares during the last quarter. LPL Financial LLC boosted its stake in shares of J.B. Hunt Transport Services by 20.1% in the second quarter. LPL Financial LLC now owns 19,036 shares of the transportation company’s stock valued at $3,102,000 after buying an additional 3,185 shares in the last quarter. BancorpSouth Bank boosted its stake in shares of J.B. Hunt Transport Services by 2.4% in the second quarter. BancorpSouth Bank now owns 2,929 shares of the transportation company’s stock valued at $477,000 after buying an additional 68 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of J.B. Hunt Transport Services by 1.0% in the second quarter. Franklin Resources Inc. now owns 551,883 shares of the transportation company’s stock worth $89,930,000 after acquiring an additional 5,584 shares during the last quarter. 72.73% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services stock opened at $171.36 on Thursday. J.B. Hunt Transport Services, Inc. has a 1-year low of $119.22 and a 1-year high of $184.38. The firm has a market capitalization of $18.03 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The firm’s 50 day simple moving average is $172.83 and its 200 day simple moving average is $169.71. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Sunday, July 18th. The transportation company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.73 billion. J.B. Hunt Transport Services had a net margin of 5.57% and a return on equity of 22.56%. J.B. Hunt Transport Services’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 earnings per share. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 20th. Shareholders of record on Friday, August 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. J.B. Hunt Transport Services’s payout ratio is 25.32%.

In other J.B. Hunt Transport Services news, EVP Stuart Lockard Scott sold 1,757 shares of the company’s stock in a transaction on Friday, September 3rd. The shares were sold at an average price of $183.34, for a total transaction of $322,128.38. Following the completion of the sale, the executive vice president now owns 19,477 shares in the company, valued at approximately $3,570,913.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric Mcgee sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, July 26th. The stock was sold at an average price of $165.53, for a total transaction of $215,189.00. The disclosure for this sale can be found here. Insiders sold 3,557 shares of company stock valued at $626,912 over the last quarter. Insiders own 3.30% of the company’s stock.

JBHT has been the subject of several analyst reports. Zacks Investment Research lowered J.B. Hunt Transport Services from a “buy” rating to a “hold” rating and set a $176.00 target price for the company. in a research note on Wednesday, June 16th. Wells Fargo & Company increased their price target on J.B. Hunt Transport Services from $192.00 to $203.00 and gave the company an “overweight” rating in a research note on Tuesday, July 13th. Citigroup upped their target price on shares of J.B. Hunt Transport Services from $197.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 14th. Stifel Nicolaus assumed coverage on shares of J.B. Hunt Transport Services in a research note on Monday, June 21st. They set a “hold” rating for the company. Finally, Vertical Research cut shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $170.85.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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