Farther Finance Advisors LLC Acquires 2,270 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Farther Finance Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 677.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,605 shares of the transportation company’s stock after acquiring an additional 2,270 shares during the quarter. Farther Finance Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Coldstream Capital Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 4.5% during the third quarter. Coldstream Capital Management Inc. now owns 1,508 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 65 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of J.B. Hunt Transport Services by 41.5% during the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 66 shares in the last quarter. Cromwell Holdings LLC raised its holdings in shares of J.B. Hunt Transport Services by 52.2% during the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 71 shares in the last quarter. Certuity LLC raised its holdings in shares of J.B. Hunt Transport Services by 5.0% during the third quarter. Certuity LLC now owns 1,512 shares of the transportation company’s stock valued at $203,000 after acquiring an additional 72 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of J.B. Hunt Transport Services by 52.8% during the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs sold 1,272 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total value of $318,954.00. Following the sale, the chief operating officer directly owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Albert Brad Delco sold 1,000 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $227.25, for a total value of $227,250.00. Following the completion of the sale, the chief financial officer directly owned 6,983 shares in the company, valued at approximately $1,586,886.75. This represents a 12.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 19,869 shares of company stock valued at $4,504,707. 2.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Susquehanna upped their target price on J.B. Hunt Transport Services from $250.00 to $290.00 and gave the company a “positive” rating in a report on Wednesday, April 22nd. Wells Fargo & Company upped their target price on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Truist Financial upped their target price on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, April 2nd. Finally, UBS Group increased their price objective on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average target price of $227.04.

J.B. Hunt Transport Services Price Performance

JBHT opened at $248.59 on Monday. The stock has a fifty day simple moving average of $221.02 and a two-hundred day simple moving average of $199.41. The company has a current ratio of 1.26, a quick ratio of 0.81 and a debt-to-equity ratio of 0.36. The company has a market cap of $23.52 billion, a price-to-earnings ratio of 38.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. J.B. Hunt Transport Services, Inc. has a 12-month low of $126.05 and a 12-month high of $256.18.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.25 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.