Banque Cantonale Vaudoise Invests $701,000 in J.B. Hunt Transport Services, Inc. $JBHT

Banque Cantonale Vaudoise bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,605 shares of the transportation company’s stock, valued at approximately $701,000.

Several other institutional investors have also made changes to their positions in JBHT. Root Financial Partners LLC purchased a new position in shares of J.B. Hunt Transport Services in the third quarter worth approximately $25,000. Parkside Financial Bank & Trust boosted its stake in shares of J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after buying an additional 66 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of J.B. Hunt Transport Services by 52.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after buying an additional 76 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $31,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter valued at $32,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JBHT. UBS Group lifted their target price on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Truist Financial boosted their target price on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. TD Cowen boosted their target price on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. Evercore reissued an “outperform” rating and issued a $248.00 target price on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Finally, Stifel Nicolaus boosted their target price on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $228.17.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $258.77 on Friday. The firm has a fifty day simple moving average of $230.53 and a 200-day simple moving average of $210.62. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $264.98. The stock has a market capitalization of $24.40 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 1.93 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the company earned $1.17 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is presently 27.86%.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 4,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the completion of the transaction, the executive vice president directly owned 8,696 shares in the company, valued at $2,213,045.04. This represents a 31.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Nicholas Hobbs sold 1,272 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total transaction of $318,954.00. Following the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. The trade was a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,154 shares of company stock valued at $4,112,450 in the last three months. Company insiders own 2.50% of the company’s stock.

About J.B. Hunt Transport Services

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.