Curated Wealth Partners LLC Buys 5,276 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Curated Wealth Partners LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,276 shares of the transportation company’s stock, valued at approximately $1,182,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC raised its position in J.B. Hunt Transport Services by 500.0% in the second quarter. Elevation Wealth Partners LLC now owns 150 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 125 shares during the period. Basecamp Wealth Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 250.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 217 shares of the transportation company’s stock worth $46,000 after buying an additional 155 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of J.B. Hunt Transport Services by 17.9% in the second quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after buying an additional 38 shares during the period. Westpac Banking Corp acquired a new stake in shares of J.B. Hunt Transport Services in the first quarter valued at about $102,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of J.B. Hunt Transport Services by 17.5% in the first quarter. SJS Investment Consulting Inc. now owns 570 shares of the transportation company’s stock valued at $121,000 after buying an additional 85 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Up 0.7%

Shares of NASDAQ:JBHT traded up $1.72 during trading on Thursday, hitting $233.88. The company’s stock had a trading volume of 329,245 shares, compared to its average volume of 1,008,827. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $157.82 and a fifty-two week high of $299.76. The stock’s 50-day moving average price is $253.14 and its two-hundred day moving average price is $259.06. The company has a market capitalization of $21.97 billion, a PE ratio of 33.11, a PEG ratio of 1.90 and a beta of 1.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share 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 firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm earned $1.31 EPS. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 7.34 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is presently 25.50%.

Analysts Set New Price Targets

JBHT has been the topic of several recent research reports. BMO Capital Markets set a $315.00 price target on J.B. Hunt Transport Services in a research report on Wednesday, October 7th. Raymond James Financial lowered their price objective on shares of J.B. Hunt Transport Services from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. Sanford C. Bernstein dropped their price objective on shares of J.B. Hunt Transport Services from $329.00 to $307.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Nicolaus reduced their target price on shares of J.B. Hunt Transport Services from $292.00 to $289.00 and set a “hold” rating on the stock in a research report on Thursday, October 8th. Finally, Bank of America reduced their target price on shares of J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $276.08.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and Johnelle Hunt, the company has grown from a small trucking operation into a major provider of freight transportation and supply-chain services across North America.

The company’s primary business activities include intermodal transportation, which combines rail and truck services; dedicated contract services, which provides customized fleet and delivery operations for individual customers; and integrated capacity solutions, including freight brokerage and third-party logistics.