2,211 Shares in J.B. Hunt Transport Services, Inc. $JBHT Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,211 shares of the transportation company’s stock, valued at approximately $430,000.

A number of other institutional investors have also added to or reduced their stakes in JBHT. Root Financial Partners LLC acquired a new position in J.B. Hunt Transport Services during the 3rd quarter worth approximately $25,000. Parkside Financial Bank & Trust raised its stake in J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after buying an additional 66 shares during the period. Hantz Financial Services Inc. raised its stake in J.B. Hunt Transport Services by 52.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after buying an additional 76 shares during the period. CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $31,000. Finally, Sentry Investment Management LLC acquired a new position in J.B. Hunt Transport Services during the 3rd quarter worth approximately $32,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 1,000 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total transaction of $254,280.00. Following the completion of the transaction, the director directly owned 19,559 shares of the company’s stock, valued at approximately $4,973,462.52. This represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nicholas Hobbs sold 1,272 shares of the stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the transaction, the chief operating officer directly owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,510 shares of company stock valued at $2,110,410 in the last three months. 2.50% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $262.21 on Friday. The stock has a fifty day simple moving average of $226.22 and a two-hundred day simple moving average of $207.40. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $263.24. The firm has a market cap of $24.73 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 1.95 and a beta of 1.28. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.04. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the company earned $1.17 earnings per share. J.B. Hunt Transport Services’s revenue was up 4.6% compared to the same quarter last year. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Susquehanna upped their price target on J.B. Hunt Transport Services from $250.00 to $290.00 and gave the stock a “positive” rating in a research note on Wednesday, April 22nd. Robert W. Baird upped their price target on J.B. Hunt Transport Services from $215.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Weiss Ratings lowered J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. UBS Group boosted their price objective on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Finally, Wall Street Zen upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $228.17.

About J.B. Hunt Transport Services

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.