J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Wahed Invest LLC

Wahed Invest LLC lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 13.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,593 shares of the transportation company’s stock after buying an additional 192 shares during the period. Wahed Invest LLC’s holdings in J.B. Hunt Transport Services were worth $317,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its holdings in J.B. Hunt Transport Services by 7,720.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock worth $196,485,000 after purchasing an additional 971,124 shares in the last quarter. Norges Bank purchased a new position in J.B. Hunt Transport Services during the fourth quarter worth about $185,299,000. Jacobs Levy Equity Management Inc. raised its holdings in J.B. Hunt Transport Services by 2,722.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after purchasing an additional 525,729 shares in the last quarter. FIL Ltd raised its holdings in J.B. Hunt Transport Services by 15.7% during the fourth quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock worth $177,336,000 after purchasing an additional 120,202 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in J.B. Hunt Transport Services by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock worth $1,946,400,000 after purchasing an additional 80,123 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Ratings Changes

JBHT has been the subject of several analyst reports. Evercore ISI cut their price target on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Loop Capital dropped their target price on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Stifel Nicolaus dropped their target price on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a report on Tuesday, July 23rd. Morgan Stanley dropped their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. Finally, Susquehanna dropped their price objective on shares of J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.88.

Insider Buying and Selling

In related news, Director Persio V. Lisboa bought 600 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the transaction, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Trading Down 2.8 %

Shares of JBHT traded down $4.76 during mid-day trading on Friday, reaching $163.59. The company had a trading volume of 1,156,881 shares, compared to its average volume of 874,588. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.89 and a beta of 1.14. The firm has a fifty day simple moving average of $161.28 and a 200-day simple moving average of $180.62. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a current ratio of 1.21, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the business posted $1.81 EPS. The business’s revenue was down 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.73 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.