Blackston Financial Advisory Group LLC Purchases 347 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Blackston Financial Advisory Group LLC lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 24.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,775 shares of the transportation company’s stock after purchasing an additional 347 shares during the period. Blackston Financial Advisory Group LLC’s holdings in J.B. Hunt Transport Services were worth $306,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Greenleaf Trust grew its holdings in J.B. Hunt Transport Services by 4.0% during the 3rd quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock valued at $276,000 after buying an additional 62 shares in the last quarter. Studio Investment Management LLC grew its stake in J.B. Hunt Transport Services by 6.6% during the second quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock valued at $162,000 after acquiring an additional 63 shares in the last quarter. New Century Financial Group LLC grew its stake in J.B. Hunt Transport Services by 3.9% during the third quarter. New Century Financial Group LLC now owns 1,725 shares of the transportation company’s stock valued at $297,000 after acquiring an additional 64 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in J.B. Hunt Transport Services by 3.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,310 shares of the transportation company’s stock valued at $460,000 after acquiring an additional 83 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in J.B. Hunt Transport Services by 19.3% in the 2nd quarter. GAMMA Investing LLC now owns 593 shares of the transportation company’s stock worth $95,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.5 %

Shares of NASDAQ JBHT opened at $174.91 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The firm has a 50-day simple moving average of $171.68 and a two-hundred day simple moving average of $167.15. The company has a market cap of $18.05 billion, a P/E ratio of 27.91, a PEG ratio of 2.84 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.07. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. During the same period in the prior year, the business posted $1.80 earnings per share. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.6 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is presently 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JBHT. JPMorgan Chase & Co. cut their price objective on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Loop Capital raised their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a report on Thursday, October 17th. TD Cowen upped their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Morgan Stanley lowered their target price on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Finally, Barclays boosted their price target on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $187.56.

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.