Abound Wealth Management Acquires 2,917 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Abound Wealth Management raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 145,850.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,919 shares of the transportation company’s stock after acquiring an additional 2,917 shares during the period. Abound Wealth Management’s holdings in J.B. Hunt Transport Services were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of JBHT. True Wealth Design LLC lifted its holdings in J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services during the third quarter valued at about $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $36,000. Cromwell Holdings LLC boosted its position in shares of J.B. Hunt Transport Services by 47.2% in the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 76 shares during the period. Finally, Versant Capital Management Inc grew its stake in J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 142 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Benchmark reiterated a “buy” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday. BMO Capital Markets restated an “outperform” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Raymond James upped their target price on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Loop Capital lifted their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $192.11.

Insiders Place Their Bets

In other news, EVP Spencer Frazier sold 2,200 shares of the 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 completion of the sale, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 12,650 shares in the company, valued at $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,459 shares of company stock valued at $2,136,277 in the last ninety days. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Trading Up 3.2 %

Shares of J.B. Hunt Transport Services stock traded up $5.53 during trading on Monday, reaching $179.82. The company’s stock had a trading volume of 466,432 shares, compared to its average volume of 583,690. 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, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The firm’s 50-day moving average is $180.77 and its two-hundred day moving average is $173.27. The company has a market cap of $18.13 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.86 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period in the prior year, the business posted $1.80 earnings per share. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.43 per share. The ex-dividend date was Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.96%. J.B. Hunt Transport Services’s payout ratio is 31.27%.

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.