Atria Investments Inc Boosts Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Atria Investments Inc grew its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,080 shares of the transportation company’s stock after acquiring an additional 164 shares during the quarter. Atria Investments Inc’s holdings in J.B. Hunt Transport Services were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in J.B. Hunt Transport Services by 0.9% during the 1st quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock worth $1,264,000 after acquiring an additional 56 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock worth $2,661,000 after acquiring an additional 60 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its holdings in J.B. Hunt Transport Services by 2.4% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,676 shares of the transportation company’s stock worth $467,000 after acquiring an additional 62 shares during the last quarter. Desjardins Global Asset Management Inc. boosted its holdings in J.B. Hunt Transport Services by 2.8% during the 1st quarter. Desjardins Global Asset Management Inc. now owns 2,305 shares of the transportation company’s stock worth $404,000 after acquiring an additional 63 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in J.B. Hunt Transport Services by 1.0% during the 1st quarter. Brown Advisory Inc. now owns 6,407 shares of the transportation company’s stock worth $1,124,000 after acquiring an additional 65 shares during the last quarter. 73.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup lifted their target price on J.B. Hunt Transport Services from $200.00 to $207.00 and gave the stock a “buy” rating in a research note on Thursday, June 29th. UBS Group lifted their target price on J.B. Hunt Transport Services from $162.00 to $172.00 and gave the stock a “sell” rating in a research note on Wednesday, July 19th. Raymond James lifted their target price on J.B. Hunt Transport Services from $195.00 to $200.00 in a research note on Wednesday, July 19th. Stifel Nicolaus lifted their target price on J.B. Hunt Transport Services from $162.00 to $174.00 and gave the stock a “hold” rating in a research note on Wednesday, July 19th. Finally, Wells Fargo & Company lifted their target price on J.B. Hunt Transport Services from $200.00 to $210.00 in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $195.30.

Insider Transactions at J.B. Hunt Transport Services

In other news, Chairman James K. Thompson sold 2,479 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $192.31, for a total transaction of $476,736.49. Following the completion of the transaction, the chairman now owns 32,559 shares of the company’s stock, valued at $6,261,421.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, EVP Stuart Lockard Scott sold 1,609 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $198.28, for a total value of $319,032.52. Following the completion of the sale, the executive vice president now owns 29,126 shares of the company’s stock, valued at $5,775,103.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman James K. Thompson sold 2,479 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $192.31, for a total value of $476,736.49. Following the completion of the sale, the chairman now directly owns 32,559 shares of the company’s stock, valued at approximately $6,261,421.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,502 shares of company stock valued at $2,284,358. 3.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Trading Down 0.9 %

Shares of JBHT opened at $187.66 on Monday. The business’s 50-day moving average price is $190.65 and its 200-day moving average price is $181.00. J.B. Hunt Transport Services, Inc. has a twelve month low of $156.28 and a twelve month high of $209.21. The stock has a market cap of $19.39 billion, a PE ratio of 22.91, a P/E/G ratio of 1.62 and a beta of 1.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, July 18th. The transportation company reported $1.81 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.09). J.B. Hunt Transport Services had a return on equity of 23.06% and a net margin of 6.19%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the previous year, the firm posted $2.42 EPS. The firm’s revenue for the quarter was down 18.4% compared to the same quarter last year. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.72 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, August 3rd. J.B. Hunt Transport Services’s payout ratio is 20.51%.

J.B. Hunt Transport Services Profile

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.