Unified Trust Company N.A. lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 32,972 shares of the transportation company’s stock after purchasing an additional 2,269 shares during the period. J.B. Hunt Transport Services comprises approximately 1.6% of Unified Trust Company N.A.’s portfolio, making the stock its 16th largest holding. Unified Trust Company N.A.’s holdings in J.B. Hunt Transport Services were worth $5,373,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of JBHT. Stonebridge Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the first quarter worth $25,000. Ameritas Investment Company LLC acquired a new position in J.B. Hunt Transport Services during the 1st quarter worth about $45,000. Mach 1 Financial Group Inc. lifted its holdings in J.B. Hunt Transport Services by 132.6% during the 2nd quarter. Mach 1 Financial Group Inc. now owns 307 shares of the transportation company’s stock worth $49,000 after buying an additional 175 shares during the period. Parisi Gray Wealth Management bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $65,000. Finally, Deseret Mutual Benefit Administrators acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $67,000. Institutional investors and hedge funds own 72.73% of the company’s stock.
Several brokerages recently commented on JBHT. Raymond James upped their target price on J.B. Hunt Transport Services from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday. Barclays upped their price target on shares of J.B. Hunt Transport Services from $170.00 to $180.00 and gave the company an “equal weight” rating in a research report on Monday, June 28th. Wells Fargo & Company lifted their price objective on J.B. Hunt Transport Services from $192.00 to $203.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 13th. JPMorgan Chase & Co. lowered J.B. Hunt Transport Services from a “neutral” rating to an “underweight” rating and cut their target price for the company from $169.00 to $150.00 in a research report on Friday, October 8th. They noted that the move was a valuation call. Finally, BMO Capital Markets raised their target price on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $170.85.
J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Sunday, July 18th. The transportation company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. J.B. Hunt Transport Services had a return on equity of 22.56% and a net margin of 5.57%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the company posted $1.14 EPS. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Friday, August 6th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 5th. This represents a $1.20 annualized dividend and a yield of 0.69%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.32%.
In other J.B. Hunt Transport Services news, EVP Stuart Lockard Scott sold 1,757 shares of the stock in a transaction dated Friday, September 3rd. The shares were sold at an average price of $183.34, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Bradley W. Hicks sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $179.19, for a total value of $89,595.00. The disclosure for this sale can be found here. Insiders sold a total of 3,557 shares of company stock valued at $626,912 over the last three months. 3.30% of the stock is currently owned by insiders.
J.B. Hunt Transport Services Company 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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