Allworth Financial LP Has $437,000 Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Allworth Financial LP boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1,195.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,044 shares of the transportation company’s stock after buying an additional 2,809 shares during the period. Allworth Financial LP’s holdings in J.B. Hunt Transport Services were worth $437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in shares of J.B. Hunt Transport Services by 57.8% in the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after purchasing an additional 74 shares during the last quarter. Farther Finance Advisors LLC grew its position in J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after purchasing an additional 88 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in J.B. Hunt Transport Services by 0.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 15,998 shares of the transportation company’s stock valued at $2,317,000 after buying an additional 103 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 3.4% during the 2nd quarter. Verdence Capital Advisors LLC now owns 3,239 shares of the transportation company’s stock worth $465,000 after buying an additional 105 shares in the last quarter. Finally, Greenleaf Trust boosted its stake in shares of J.B. Hunt Transport Services by 8.1% in the 2nd quarter. Greenleaf Trust now owns 1,495 shares of the transportation company’s stock worth $215,000 after buying an additional 112 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 2.1%

Shares of NASDAQ JBHT opened at $162.81 on Monday. The firm’s fifty day moving average is $150.65 and its 200 day moving average is $146.23. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $192.46. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.33 and a beta of 1.27. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the firm earned $1.49 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 30.50%.

J.B. Hunt Transport Services declared that its board has authorized a share repurchase plan on Wednesday, October 22nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently commented on JBHT. TD Cowen lifted their target price on J.B. Hunt Transport Services from $140.00 to $152.00 and gave the stock a “hold” rating in a research note on Thursday, October 16th. Stifel Nicolaus upped their price target on J.B. Hunt Transport Services from $140.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, October 16th. Barclays upped their price objective on shares of J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Thursday, October 16th. Susquehanna lifted their target price on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company increased their target price on J.B. Hunt Transport Services from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.30.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 6,500 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the sale, the executive vice president directly owned 12,976 shares in the company, valued at approximately $2,192,944. This trade represents a 33.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

About J.B. Hunt Transport Services

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.