Whittier Trust Co. of Nevada Inc. Acquires 133 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 99.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 267 shares of the transportation company’s stock after buying an additional 133 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in J.B. Hunt Transport Services were worth $53,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. VisionPoint Advisory Group LLC boosted its position in shares of J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after purchasing an additional 87 shares during the period. YHB Investment Advisors Inc. purchased a new position in shares of J.B. Hunt Transport Services in the first quarter worth $40,000. Neo Ivy Capital Management purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth $49,000. Fidelis Capital Partners LLC purchased a new position in shares of J.B. Hunt Transport Services in the first quarter worth $54,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of J.B. Hunt Transport Services by 26.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after buying an additional 62 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO John N. Roberts acquired 6,200 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were acquired at an average price of $161.06 per share, with a total value of $998,572.00. Following the purchase, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock traded down $2.50 during midday trading on Tuesday, hitting $155.54. The company had a trading volume of 499,046 shares, compared to its average volume of 832,877. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.79 and a beta of 1.14. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $160.84 and a 200 day simple moving average of $184.13. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.12 billion. As a group, analysts predict that J.B. Hunt Transport Services, Inc. will post 6.53 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on JBHT shares. Benchmark reissued a “buy” rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Bank of America decreased their price target on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Stifel Nicolaus decreased their price target on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Barclays decreased their price target on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company started coverage on shares of J.B. Hunt Transport Services in a research note on Friday, June 7th. They set an “overweight” rating and a $185.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.81.

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.