Brooklyn Investment Group Takes Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Brooklyn Investment Group purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 349 shares of the transportation company’s stock, valued at approximately $60,000.

Other large investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in shares of J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after acquiring an additional 149 shares during the period. Innealta Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $31,000. nVerses Capital LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at $36,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $190.31 on Friday. The company has a market capitalization of $19.19 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 3.00 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The business has a 50-day simple moving average of $178.11 and a two-hundred day simple moving average of $169.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the business earned $1.80 EPS. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.43 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.90%. J.B. Hunt Transport Services’s payout ratio is 31.27%.

Insider Activity at J.B. Hunt Transport Services

In other news, SVP Kevin Bracy sold 1,614 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,314 shares of company stock worth $1,008,962. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of analyst reports. Susquehanna lifted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Bank of America raised their price objective on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Stifel Nicolaus raised their price objective on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Evercore ISI raised their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $190.11.

J.B. Hunt Transport Services Company 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.