Disciplined Investments LLC Purchases 2,386 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Disciplined Investments LLC grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,453 shares of the transportation company’s stock after purchasing an additional 2,386 shares during the quarter. J.B. Hunt Transport Services comprises approximately 2.7% of Disciplined Investments LLC’s investment portfolio, making the stock its 10th biggest position. Disciplined Investments LLC’s holdings in J.B. Hunt Transport Services were worth $5,033,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in JBHT. Vanguard Group Inc. increased its holdings in J.B. Hunt Transport Services by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after purchasing an additional 25,109 shares during the period. Massachusetts Financial Services Co. MA lifted its position in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock valued at $231,416,000 after acquiring an additional 5,179 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Norges Bank bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $185,299,000. Finally, FIL Ltd lifted its position in shares of J.B. Hunt Transport Services by 15.7% during the 4th quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock worth $177,336,000 after buying an additional 120,202 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In related news, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $163.47 per share, for a total transaction 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 disclosure for this purchase can be found here. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

JBHT has been the subject of several research analyst reports. TD Cowen decreased their price target on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Loop Capital cut their price target 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. Barclays cut their price target on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a report on Wednesday, July 17th. 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 report on Monday, July 8th. Finally, Wells Fargo & Company assumed coverage on shares of J.B. Hunt Transport Services in a report on Friday, June 7th. They set an “overweight” rating and a $185.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $181.88.

J.B. Hunt Transport Services Trading Up 0.4 %

Shares of NASDAQ JBHT opened at $167.99 on Wednesday. The firm’s 50 day moving average price is $168.40 and its 200-day moving average price is $171.83. The company has a market cap of $17.34 billion, a PE ratio of 26.67, a P/E/G ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.81 EPS. On average, equities 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a dividend of $0.43 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a yield of 1.02%. 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.