Raymond James & Associates Increases Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Raymond James & Associates raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,516 shares of the transportation company’s stock after buying an additional 1,447 shares during the quarter. Raymond James & Associates’ holdings in J.B. Hunt Transport Services were worth $4,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Ronald Blue Trust Inc. grew its holdings in J.B. Hunt Transport Services by 67.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 169 shares of the transportation company’s stock valued at $26,000 after buying an additional 68 shares in the last quarter. CVA Family Office LLC grew its holdings in shares of J.B. Hunt Transport Services by 1,800.0% in the second quarter. CVA Family Office LLC now owns 190 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 180 shares in the last quarter. Private Trust Co. NA purchased a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $32,000. Salem Investment Counselors Inc. grew its holdings in shares of J.B. Hunt Transport Services by 69.1% in the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 85 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of J.B. Hunt Transport Services by 1,809.1% in the second quarter. First Horizon Advisors Inc. now owns 210 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 199 shares in the last quarter. 74.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 1,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 3,060 shares in the company, valued at $542,109.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Shelley Simpson sold 7,000 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $186.02, for a total transaction of $1,302,140.00. Following the sale, the executive vice president now owns 77,630 shares in the company, valued at $14,440,732.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Spencer Frazier sold 1,000 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $177.16, for a total value of $177,160.00. Following the sale, the executive vice president now owns 3,060 shares in the company, valued at approximately $542,109.60. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JBHT. Morgan Stanley raised their target price on shares of J.B. Hunt Transport Services from $170.00 to $178.00 and gave the company an “equal weight” rating in a report on Wednesday, January 11th. UBS Group lowered shares of J.B. Hunt Transport Services from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 4th. Benchmark dropped their price objective on shares of J.B. Hunt Transport Services from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 20th. Citigroup lifted their price objective on shares of J.B. Hunt Transport Services from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, January 11th. Finally, Barclays dropped their price objective on shares of J.B. Hunt Transport Services from $210.00 to $190.00 in a research note on Tuesday, October 11th. One 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, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average target price of $196.41.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $176.29 on Wednesday. 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 business has a 50-day moving average price of $178.93 and a 200 day moving average price of $174.68. The company has a market capitalization of $18.25 billion, a P/E ratio of 18.44, a PEG ratio of 1.23 and a beta of 1.12. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.92 and a 1-year high of $218.18.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last released its quarterly earnings data on Tuesday, October 18th. The transportation company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.12. The firm 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 return on equity of 30.61% and a net margin of 6.89%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 earnings per share. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 9.74 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were issued a $0.40 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 0.91%. J.B. Hunt Transport Services’s dividend payout ratio is presently 16.74%.

J.B. Hunt Transport Services Profile

(Get Rating)

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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