Mackenzie Financial Corp Grows Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mackenzie Financial Corp lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,595 shares of the transportation company’s stock after purchasing an additional 248 shares during the period. Mackenzie Financial Corp’s holdings in J.B. Hunt Transport Services were worth $1,517,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC lifted its position in J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 87 shares during the last quarter. Operose Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter valued at $34,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter valued at $36,000. Exchange Traded Concepts LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter valued at $45,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in J.B. Hunt Transport Services by 505.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 258 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now owns 42,411 shares of the company’s stock, valued at $9,021,243.81. 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, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian Webb sold 900 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $208.54, for a total transaction of $187,686.00. Following the completion of the sale, the executive vice president now directly owns 15,032 shares in the company, valued at approximately $3,134,773.28. The disclosure for this sale can be found here. Insiders have sold 15,454 shares of company stock valued at $3,283,219 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Evercore ISI dropped their price objective on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Stifel Nicolaus dropped their price objective on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Finally, TD Cowen dropped their price objective on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten 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 $194.24.

J.B. Hunt Transport Services Trading Down 1.7 %

Shares of JBHT opened at $164.63 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average is $194.92 and its two-hundred day moving average is $192.45. J.B. Hunt Transport Services, Inc. has a twelve month low of $160.07 and a twelve month high of $219.51. The firm has a market capitalization of $17.01 billion, a P/E ratio of 26.13, a PEG ratio of 2.20 and a beta of 1.11.

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.