J.B. Hunt Transport Services, Inc. $JBHT Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 45.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,809 shares of the transportation company’s stock after purchasing an additional 17,839 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of J.B. Hunt Transport Services worth $11,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of J.B. Hunt Transport Services by 74.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after buying an additional 6,668 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of J.B. Hunt Transport Services by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after purchasing an additional 13,729 shares during the period. Empowered Funds LLC boosted its holdings in shares of J.B. Hunt Transport Services by 27.8% during the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after purchasing an additional 385 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at $539,000. Finally, Rhumbline Advisers grew its position in shares of J.B. Hunt Transport Services by 3.6% in the second quarter. Rhumbline Advisers now owns 172,484 shares of the transportation company’s stock valued at $24,769,000 after purchasing an additional 5,942 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at J.B. Hunt Transport Services

In other news, CFO Albert Brad Delco sold 1,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $227.25, for a total value of $227,250.00. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jennifer Boattini sold 2,238 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $232.00, for a total value of $519,216.00. Following the transaction, the senior vice president directly owned 16,650 shares in the company, valued at $3,862,800. This trade represents a 11.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 25,945 shares of company stock worth $5,656,495 in the last quarter. 2.50% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Down 1.4%

JBHT opened at $206.18 on Friday. The company has a market cap of $19.50 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 1.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.83. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $236.00. The firm has a 50 day moving average price of $215.14 and a 200 day moving average price of $185.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned $1.53 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

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

Analysts Set New Price Targets

JBHT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $227.00 target price on J.B. Hunt Transport Services in a research report on Thursday, December 11th. The Goldman Sachs Group increased their price objective on shares of J.B. Hunt Transport Services from $169.00 to $187.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Vertical Research cut shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a research report on Thursday, January 8th. Truist Financial boosted their target price on shares of J.B. Hunt Transport Services from $155.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, January 15th. Finally, TD Cowen reaffirmed a “hold” rating on shares of J.B. Hunt Transport Services in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $205.27.

J.B. Hunt Transport Services 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.