Gallo Partners LP Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Gallo Partners LP purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, Holdings Channel reports. The firm purchased 4,112 shares of the transportation company’s stock, valued at approximately $1,190,000. J.B. Hunt Transport Services accounts for 2.6% of Gallo Partners LP’s portfolio, making the stock its 14th biggest position.

A number of other hedge funds also recently made changes to their positions in JBHT. BlackRock Inc. acquired a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $1,833,602,000. State Street Corp increased its position in J.B. Hunt Transport Services by 7.1% in the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after acquiring an additional 272,594 shares during the period. Janus Henderson Group PLC increased its position in J.B. Hunt Transport Services by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock valued at $843,937,000 after acquiring an additional 41,887 shares during the period. AQR Capital Management LLC raised its stake in J.B. Hunt Transport Services by 17.7% during the 4th quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock valued at $729,780,000 after acquiring an additional 565,605 shares in the last quarter. Finally, Invesco Ltd. raised its stake in J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock valued at $216,317,000 after acquiring an additional 82,939 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $275.45 on Monday. The firm has a 50-day moving average of $278.58 and a two-hundred day moving average of $251.41. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year 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 firm has a market capitalization of $25.87 billion, a PE ratio of 39.02, a P/E/G ratio of 1.73 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping 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 period last year, the company posted $1.31 EPS. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, 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 firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.50%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on JBHT shares. UBS Group increased their price target on J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Sanford C. Bernstein restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Susquehanna set a $345.00 target price on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $286.30.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the stock in a transaction on 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. This represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David Keefauver sold 703 shares of the firm’s 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 transaction, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is currently owned by insiders.

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.