1,301 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Bought by Net Worth Advisory Group

Net Worth Advisory Group bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,301 shares of the transportation company’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after buying an additional 149 shares during the last quarter. Innealta Capital LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $36,000. Finally, International Assets Investment Management LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $40,000. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $177.58 on Tuesday. The company has a 50-day moving average of $170.75 and a 200-day moving average of $167.29. The firm has a market cap of $18.33 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

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, topping the consensus estimate of $1.42 by $0.07. The firm had revenue of $3.07 billion for 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 quarter in the previous year, the business posted $1.80 earnings per share. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.6 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business 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. This represents a $1.72 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is 27.30%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JBHT shares. JPMorgan Chase & Co. dropped their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Barclays increased their price objective on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Susquehanna boosted their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Bank of America raised their price target on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Evercore ISI boosted their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $187.56.

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.