AdvisorNet Financial Inc Buys 326 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

AdvisorNet Financial Inc raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 41.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,111 shares of the transportation company’s stock after acquiring an additional 326 shares during the period. AdvisorNet Financial Inc’s holdings in J.B. Hunt Transport Services were worth $222,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Capital Fund Management S.A. bought a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $2,939,000. Aviva PLC grew its holdings in shares of J.B. Hunt Transport Services by 45.3% during the third quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock worth $9,832,000 after purchasing an additional 16,249 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 3.8% during the third quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company’s stock worth $6,870,000 after purchasing an additional 1,331 shares during the last quarter. Natixis Advisors L.P. grew its holdings in shares of J.B. Hunt Transport Services by 38.4% during the third quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company’s stock worth $7,887,000 after purchasing an additional 11,613 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of J.B. Hunt Transport Services by 0.9% during the third quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company’s stock worth $28,913,000 after purchasing an additional 1,393 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Trading Down 0.8 %

NASDAQ JBHT opened at $194.96 on Wednesday. The firm has a market cap of $20.14 billion, a P/E ratio of 27.97, a P/E/G ratio of 1.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. The stock’s 50-day moving average is $203.79 and its 200-day moving average is $193.27. J.B. Hunt Transport Services, Inc. has a one year low of $164.39 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.77 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, February 8th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.88%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 24.68%.

Wall Street Analyst Weigh In

Several analysts have recently commented on JBHT shares. Stifel Nicolaus restated a “hold” rating and set a $188.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. StockNews.com lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. UBS Group raised J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and upped their price target for the company from $205.00 to $234.00 in a research note on Monday, January 22nd. Raymond James upped their price target on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a research note on Tuesday, January 16th. Finally, Susquehanna cut their price target on J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average target price of $205.56.

View Our Latest Stock Analysis on JBHT

Insider Buying and Selling

In related news, SVP Kevin Bracy sold 754 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares in the company, valued at $1,744,090.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Patrick J. Ottensmeyer acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $1,014,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,432 shares of company stock worth $4,309,687. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Company Profile

(Free Report)

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.

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

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