New Century Financial Group LLC Acquires 64 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

New Century Financial Group LLC grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,725 shares of the transportation company’s stock after purchasing an additional 64 shares during the period. New Century Financial Group LLC’s holdings in J.B. Hunt Transport Services were worth $297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Silvercrest Asset Management Group LLC boosted its stake in J.B. Hunt Transport Services by 24.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock worth $5,838,000 after purchasing an additional 5,767 shares during the period. Vanguard Group Inc. grew its position in shares of J.B. Hunt Transport Services by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after purchasing an additional 25,109 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of J.B. Hunt Transport Services by 11.2% in the first quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock worth $39,413,000 after purchasing an additional 19,987 shares during the period. CWM LLC raised its position in shares of J.B. Hunt Transport Services by 119.5% in the third quarter. CWM LLC now owns 7,858 shares of the transportation company’s stock worth $1,354,000 after buying an additional 4,278 shares in the last quarter. Finally, FORA Capital LLC boosted its stake in J.B. Hunt Transport Services by 215.2% during the first quarter. FORA Capital LLC now owns 14,867 shares of the transportation company’s stock valued at $2,962,000 after buying an additional 10,150 shares during the period. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $176.87 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The business’s 50 day simple moving average is $170.75 and its two-hundred day simple moving average is $167.50. The stock has a market capitalization of $18.25 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. During the same period in the prior year, the business posted $1.80 EPS. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.6 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.97%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Analyst Ratings Changes

Several analysts have weighed in on JBHT shares. Stifel Nicolaus raised their price target on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. TD Cowen raised their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their price target on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stephens restated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Bank of America lifted their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $187.56.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is owned by insiders.

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.