Stephens Inc. AR Purchases 1,606 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Stephens Inc. AR increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,190 shares of the transportation company’s stock after buying an additional 1,606 shares during the quarter. Stephens Inc. AR’s holdings in J.B. Hunt Transport Services were worth $8,822,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Stephens Investment Management Group LLC boosted its position in J.B. Hunt Transport Services by 3.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 191,337 shares of the transportation company’s stock worth $32,973,000 after acquiring an additional 6,456 shares during the last quarter. First Trust Direct Indexing L.P. bought a new stake in shares of J.B. Hunt Transport Services in the third quarter worth $320,000. Pallas Capital Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 33.8% during the third quarter. Pallas Capital Advisors LLC now owns 2,040 shares of the transportation company’s stock worth $359,000 after purchasing an additional 515 shares during the last quarter. Nisa Investment Advisors LLC grew its position in J.B. Hunt Transport Services by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 15,462 shares of the transportation company’s stock valued at $2,665,000 after purchasing an additional 141 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in J.B. Hunt Transport Services by 33.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,036 shares of the transportation company’s stock valued at $868,000 after buying an additional 1,275 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JBHT has been the subject of a number of recent research reports. Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Stephens reiterated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Citigroup assumed coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 9th. They set a “buy” rating and a $201.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $187.56.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $180.96 on Friday. The stock has a 50 day simple moving average of $172.34 and a 200 day simple moving average of $166.73. The stock has a market cap of $18.25 billion, a P/E ratio of 32.90, a PEG ratio of 3.12 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The company has a current ratio of 0.94, a quick ratio of 1.21 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the business posted $1.80 earnings per share. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.68 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.95%. J.B. Hunt Transport Services’s payout ratio is 31.27%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at $2,321,275. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Company Profile

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.