J.B. Hunt Transport Services, Inc. $JBHT Shares Bought by Clearstead Advisors LLC

Clearstead Advisors LLC increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 357.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,894 shares of the transportation company’s stock after purchasing an additional 2,262 shares during the period. Clearstead Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $388,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at $25,000. Cromwell Holdings LLC grew 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 worth $28,000 after purchasing an additional 71 shares during the last quarter. Parkside Financial Bank & Trust increased its position 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 worth $30,000 after purchasing an additional 66 shares in the last quarter. Hantz Financial Services Inc. increased its position 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 worth $30,000 after purchasing an additional 76 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $31,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $233.41 on Friday. The firm has a market capitalization of $22.08 billion, a PE ratio of 38.01, a P/E/G ratio of 1.85 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $234.82. The firm’s 50-day simple moving average is $211.37 and its 200 day simple moving average is $176.42. The company has a quick ratio of 0.87, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the company earned $1.53 EPS. J.B. Hunt Transport Services’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. J.B. Hunt Transport Services’s dividend payout ratio is presently 29.32%.

Insider Activity

In other news, insider Bradley W. Hicks sold 4,028 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $225.13, for a total value of $906,823.64. Following the transaction, the insider directly owned 30,395 shares of the company’s stock, valued at $6,842,826.35. The trade was a 11.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ronald Greer Woodruff sold 331 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $225.57, for a total transaction of $74,663.67. Following the transaction, the executive vice president directly owned 4,019 shares in the company, valued at approximately $906,565.83. This trade represents a 7.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,316 shares of company stock valued at $6,727,749 in the last 90 days. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on JBHT. Deutsche Bank Aktiengesellschaft set a $227.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday, December 11th. Vertical Research cut shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 target price for the company. in a report on Thursday, January 8th. Robert W. Baird increased their target price on shares of J.B. Hunt Transport Services from $173.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. BMO Capital Markets restated an “outperform” rating and issued a $245.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, February 19th. Finally, Benchmark upped their price objective on J.B. Hunt Transport Services from $212.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.00.

J.B. Hunt Transport Services Company 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.