Allworth Financial LP Acquires 147 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Allworth Financial LP raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 167.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 235 shares of the transportation company’s stock after purchasing an additional 147 shares during the period. Allworth Financial LP’s holdings in J.B. Hunt Transport Services were worth $35,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBHT. Raymond James Financial Inc. purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at approximately $6,030,000. Sequoia Financial Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the 4th quarter valued at $210,000. Avantax Advisory Services Inc. lifted its stake in J.B. Hunt Transport Services by 4.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 4,320 shares of the transportation company’s stock valued at $737,000 after acquiring an additional 172 shares in the last quarter. Cibc World Markets Corp lifted its stake in J.B. Hunt Transport Services by 15.1% during the 4th quarter. Cibc World Markets Corp now owns 12,666 shares of the transportation company’s stock valued at $2,162,000 after acquiring an additional 1,659 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in J.B. Hunt Transport Services by 8.0% during the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock worth $140,000 after acquiring an additional 61 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs acquired 1,529 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were bought at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the purchase, the chief operating officer owned 91,847 shares in the company, valued at $12,008,995.25. This trade represents a 1.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $148.89 on Friday. The firm has a market capitalization of $14.77 billion, a PE ratio of 27.07, a P/E/G ratio of 2.37 and a beta of 1.29. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $144.65 and a two-hundred day moving average price of $151.36. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 earnings per share. Equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a dividend of $0.44 per share. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.18%. J.B. Hunt Transport Services’s dividend payout ratio is currently 32.00%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial increased their target price on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday. Susquehanna increased their price objective on shares of J.B. Hunt Transport Services from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday. Baird R W raised shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research report on Tuesday, July 1st. Wells Fargo & Company restated an “overweight” rating and issued a $163.00 target price (up previously from $150.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday. Finally, Robert W. Baird began coverage on J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an “outperform” rating and a $169.00 target price for the company. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $164.90.

J.B. Hunt Transport Services Company 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.