Brooklyn Investment Group Takes Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Brooklyn Investment Group acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 349 shares of the transportation company’s stock, valued at approximately $60,000.

A number of other institutional investors have also recently bought and sold shares of JBHT. Advisors Asset Management Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 11.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,454 shares of the transportation company’s stock valued at $290,000 after buying an additional 153 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in J.B. Hunt Transport Services by 13.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 2,037 shares of the transportation company’s stock worth $384,000 after buying an additional 245 shares during the last quarter. Tidal Investments LLC increased its holdings in J.B. Hunt Transport Services by 65.6% in the first quarter. Tidal Investments LLC now owns 7,851 shares of the transportation company’s stock worth $1,563,000 after buying an additional 3,109 shares during the last quarter. Comerica Bank increased its holdings in J.B. Hunt Transport Services by 4.0% in the first quarter. Comerica Bank now owns 45,088 shares of the transportation company’s stock worth $8,984,000 after buying an additional 1,716 shares during the last quarter. Finally, Swedbank AB acquired a new position in J.B. Hunt Transport Services in the first quarter worth approximately $5,781,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the sale, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the sale, the executive vice president now directly owns 12,650 shares in the company, valued at $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,314 shares of company stock valued at $1,008,962. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $190.31 on Friday. The stock has a market cap of $19.19 billion, a P/E ratio of 34.60, a PEG ratio of 3.00 and a beta of 1.14. The company’s 50-day simple moving average is $178.11 and its 200 day simple moving average is $169.27. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same quarter in the previous year, the firm posted $1.80 earnings per share. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.90%. J.B. Hunt Transport Services’s dividend payout ratio is 31.27%.

Analysts Set New Price Targets

A number of research firms recently commented on JBHT. Evercore ISI increased their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group dropped their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Stephens reiterated an “overweight” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Susquehanna increased their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, Bank of America boosted their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.11.

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.