J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Position Lifted by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 68.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 329 shares of the transportation company’s stock after buying an additional 134 shares during the period. EverSource Wealth Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $56,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in J.B. Hunt Transport Services during the 4th quarter worth approximately $210,000. Daiwa Securities Group Inc. lifted its holdings in J.B. Hunt Transport Services by 4.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 17,283 shares of the transportation company’s stock worth $2,949,000 after buying an additional 681 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of J.B. Hunt Transport Services by 8.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,943 shares of the transportation company’s stock worth $7,329,000 after purchasing an additional 3,481 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of J.B. Hunt Transport Services by 343,700.0% in the 4th quarter. AlphaQuest LLC now owns 3,438 shares of the transportation company’s stock worth $587,000 after purchasing an additional 3,437 shares during the last quarter. Finally, Amundi lifted its holdings in shares of J.B. Hunt Transport Services by 2.9% in the 4th quarter. Amundi now owns 503,771 shares of the transportation company’s stock worth $89,586,000 after purchasing an additional 14,116 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a “hold” rating and a $167.00 price target on the stock. Stephens reissued an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target on the stock in a report on Friday, January 3rd. Raymond James cut their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Finally, Citigroup cut their price target on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $186.80.

J.B. Hunt Transport Services Stock Down 0.1 %

Shares of JBHT stock opened at $147.05 on Thursday. J.B. Hunt Transport Services, Inc. has a 1 year low of $144.90 and a 1 year high of $200.40. The stock has a market cap of $14.71 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. The business’s fifty day moving average is $166.52 and its 200-day moving average is $173.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.47 earnings per share. Equities analysts expect 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 announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s payout ratio is presently 31.65%.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

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.