Sanctuary Advisors LLC Takes $3.17 Million Position in J.B. Hunt Transport Services, Inc. $JBHT

Sanctuary Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,943 shares of the transportation company’s stock, valued at approximately $3,167,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in JBHT. BlackRock Inc. bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $1,833,602,000. AQR Capital Management LLC lifted its position in shares of J.B. Hunt Transport Services by 411.5% during the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after purchasing an additional 1,447,993 shares during the last quarter. Norges Bank acquired a new position in J.B. Hunt Transport Services in the fourth quarter worth about $200,587,000. Bessemer Group Inc. grew its stake in J.B. Hunt Transport Services by 75,567.4% in the fourth quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock worth $195,580,000 after purchasing an additional 1,005,047 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in J.B. Hunt Transport Services in the second quarter valued at about $287,581,000. Institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the sale, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. This trade represents a 47.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president directly owned 15,881 shares of the company’s stock, valued at $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on JBHT shares. TD Cowen upped their price objective on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Sanford C. Bernstein reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Truist Financial upped their price target on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Finally, Citizens Jmp initiated coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Stock Up 0.9%

Shares of J.B. Hunt Transport Services stock opened at $262.18 on Wednesday. The stock has a market capitalization of $24.62 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 1.63 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $299.76. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The business’s 50 day simple moving average is $277.76 and its 200-day simple moving average is $251.92.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm posted $1.31 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.45 per share. The ex-dividend date was Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is currently 25.50%.

J.B. Hunt Transport Services Profile

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.