Rothschild Wealth LLC Invests $535,000 in J.B. Hunt Transport Services, Inc. $JBHT

Rothschild Wealth LLC acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,753 shares of the transportation company’s stock, valued at approximately $535,000.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp raised its stake in shares of J.B. Hunt Transport Services by 7.1% in the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock worth $592,015,000 after buying an additional 272,594 shares during the period. AQR Capital Management LLC raised its stake in shares of J.B. Hunt Transport Services by 77.2% in the third quarter. AQR Capital Management LLC now owns 3,189,566 shares of the transportation company’s stock worth $426,126,000 after buying an additional 1,389,723 shares during the period. JPMorgan Chase & Co. raised its stake in shares of J.B. Hunt Transport Services by 18.4% in the third quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock worth $358,510,000 after buying an additional 416,167 shares during the period. Invesco Ltd. raised its stake in shares of J.B. Hunt Transport Services by 5.4% in the third quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock worth $216,317,000 after buying an additional 82,939 shares during the period. Finally, Norges Bank bought a new stake in J.B. Hunt Transport Services during the 4th quarter valued at approximately $200,587,000. Institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. UBS Group lifted their target price on 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. Argus set a $285.00 target price on J.B. Hunt Transport Services in a research note on Monday, April 20th. Barclays lifted their target price on J.B. Hunt Transport Services from $200.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Finally, Truist Financial lifted their target price on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $228.17.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $279.46 on Tuesday. The stock has a market capitalization of $26.35 billion, a PE ratio of 43.26, a P/E/G ratio of 2.06 and a beta of 1.30. The business has a 50 day simple moving average of $239.01 and a two-hundred day simple moving average of $215.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $279.92.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 EPS. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is 27.86%.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total value of $254,280.00. Following the completion of the transaction, the director owned 19,559 shares in the company, valued at approximately $4,973,462.52. The trade was a 4.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Nicholas Hobbs sold 1,272 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total value of $318,954.00. Following the completion of the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. This trade represents a 1.37% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 15,916 shares of company stock worth $4,109,634. 2.50% of the stock is currently owned by corporate insiders.

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.