Ameritas Advisory Services LLC Purchases Shares of 356 J.B. Hunt Transport Services, Inc. $JBHT

Ameritas Advisory Services LLC acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, HoldingsChannel reports. The institutional investor acquired 356 shares of the transportation company’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBHT. SG Americas Securities LLC increased its holdings in J.B. Hunt Transport Services by 179.8% in the 1st quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock worth $590,000 after acquiring an additional 2,564 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of J.B. Hunt Transport Services by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock valued at $976,000 after buying an additional 494 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock valued at $108,000 after buying an additional 85 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its stake in shares of J.B. Hunt Transport Services by 16.5% during the 1st quarter. Blackston Financial Advisory Group LLC now owns 2,118 shares of the transportation company’s stock valued at $313,000 after buying an additional 300 shares in the last quarter. Finally, Financial Partners Group LLC lifted its stake in shares of J.B. Hunt Transport Services by 1.7% during the 1st quarter. Financial Partners Group LLC now owns 9,225 shares of the transportation company’s stock valued at $1,365,000 after buying an additional 158 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JBHT. Weiss Ratings restated a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price target on J.B. Hunt Transport Services from $163.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Evercore ISI dropped their price target on J.B. Hunt Transport Services from $159.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Robert W. Baird started coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They issued an “outperform” rating and a $169.00 price target for the company. Finally, Sanford C. Bernstein set a $158.00 price target on J.B. Hunt Transport Services and gave the stock a “market perform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.00.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee purchased 1,148 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the transaction, the executive vice president directly owned 7,397 shares in the company, valued at $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Keefauver sold 989 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares of the company’s stock, valued at approximately $143,763.62. This represents a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Stock Down 3.9%

NASDAQ JBHT opened at $137.09 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $13.27 billion, a P/E ratio of 24.93, a P/E/G ratio of 2.16 and a beta of 1.24. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The stock has a 50 day moving average price of $140.30 and a 200-day moving average price of $140.97.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.32 earnings per share. As a group, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 32.00%.

J.B. Hunt Transport Services 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.