Contravisory Investment Management Inc. Invests $1.13 Million in J.B. Hunt Transport Services, Inc. $JBHT

Contravisory Investment Management Inc. acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,799 shares of the transportation company’s stock, valued at approximately $1,127,000.

A number of other institutional investors have also modified their holdings of JBHT. Root Financial Partners LLC purchased a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $25,000. Cromwell Holdings LLC increased its position in shares of J.B. Hunt Transport Services by 52.2% in the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock worth $28,000 after acquiring an additional 71 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter worth $32,000. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 52.8% during the 3rd 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. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Benchmark upped their price target on shares of J.B. Hunt Transport Services from $212.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. UBS Group boosted their price objective on J.B. Hunt Transport Services from $174.00 to $196.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Stifel Nicolaus set a $201.00 target price on J.B. Hunt Transport Services in a research report on Friday, January 16th. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and increased their target price for the company from $160.00 to $240.00 in a research note on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft set a $227.00 target price on J.B. Hunt Transport Services in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.27.

Insiders Place Their Bets

In related news, CFO Albert Brad Delco sold 1,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $227.25, for a total value of $227,250.00. Following the sale, the chief financial officer directly owned 6,983 shares of the company’s stock, valued at $1,586,886.75. This represents a 12.53% 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, EVP Ronald Greer Woodruff sold 331 shares of the stock in a transaction 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 owned 4,019 shares in the company, valued at $906,565.83. This trade represents a 7.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 25,945 shares of company stock valued at $5,656,495. 2.50% of the stock is owned by insiders.

J.B. Hunt Transport Services Trading Up 1.4%

NASDAQ:JBHT opened at $202.78 on Tuesday. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $236.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.83. The business’s 50-day simple moving average is $215.08 and its 200 day simple moving average is $184.41.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share 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 during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the firm earned $1.53 EPS. J.B. Hunt Transport Services’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 6th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.9%. J.B. Hunt Transport Services’s dividend payout ratio is 29.32%.

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.