Raymond James Financial Services Advisors Inc. Raises Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) by 100.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,883 shares of the transportation company’s stock after purchasing an additional 14,466 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in J.B. Hunt Transport Services were worth $4,518,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in J.B. Hunt Transport Services by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 9,684,870 shares of the transportation company’s stock worth $1,944,626,000 after purchasing an additional 64,061 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of J.B. Hunt Transport Services by 7.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,579,989 shares of the transportation company’s stock worth $1,193,621,000 after acquiring an additional 517,629 shares during the period. Franklin Resources Inc. lifted its stake in shares of J.B. Hunt Transport Services by 21.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,772,187 shares of the transportation company’s stock worth $279,067,000 after acquiring an additional 317,060 shares during the period. Millennium Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 116.4% in the 2nd quarter. Millennium Management LLC now owns 775,799 shares of the transportation company’s stock worth $122,165,000 after acquiring an additional 417,218 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of J.B. Hunt Transport Services by 1.5% in the 1st quarter. Invesco Ltd. now owns 686,625 shares of the transportation company’s stock worth $137,868,000 after acquiring an additional 9,959 shares during the period. 74.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on JBHT shares. Susquehanna cut shares of J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $194.00 to $168.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of J.B. Hunt Transport Services from $230.00 to $228.00 in a research note on Monday, November 28th. StockNews.com assumed coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. UBS Group cut shares of J.B. Hunt Transport Services from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 4th. Finally, Raymond James raised their price objective on shares of J.B. Hunt Transport Services from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, October 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $196.41.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $180.68 on Thursday. The company has a market cap of $18.71 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.22 and a beta of 1.12. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.92 and a 12 month high of $218.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.43 and a quick ratio of 1.43. The company has a 50-day simple moving average of $178.68 and a 200-day simple moving average of $174.05.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last issued its quarterly earnings results on Tuesday, October 18th. The transportation company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.12. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.80 billion. J.B. Hunt Transport Services had a net margin of 6.89% and a return on equity of 30.61%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 earnings per share. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 9.76 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Friday, November 4th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 16.74%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Shelley Simpson sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $186.02, for a total value of $1,302,140.00. Following the completion of the sale, the executive vice president now directly owns 77,630 shares in the company, valued at $14,440,732.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Spencer Frazier sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $177.16, for a total value of $177,160.00. Following the completion of the sale, the executive vice president now directly owns 3,060 shares in the company, valued at $542,109.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Shelley Simpson sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $186.02, for a total transaction of $1,302,140.00. Following the completion of the sale, the executive vice president now owns 77,630 shares of the company’s stock, valued at $14,440,732.60. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

About J.B. Hunt Transport Services

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J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.

Further Reading

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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