Raymond James & Associates Boosts Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Raymond James & Associates boosted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,084 shares of the transportation company’s stock after purchasing an additional 912 shares during the quarter. Raymond James & Associates’ holdings in J.B. Hunt Transport Services were worth $3,116,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in J.B. Hunt Transport Services by 4.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock worth $662,000 after acquiring an additional 128 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in J.B. Hunt Transport Services by 4.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,722 shares of the transportation company’s stock worth $2,696,000 after buying an additional 687 shares during the period. BNP Paribas Financial Markets increased its position in J.B. Hunt Transport Services by 114.0% during the first quarter. BNP Paribas Financial Markets now owns 117,015 shares of the transportation company’s stock valued at $23,315,000 after acquiring an additional 62,330 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of J.B. Hunt Transport Services in the first quarter valued at $208,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of J.B. Hunt Transport Services by 3.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,310 shares of the transportation company’s stock worth $460,000 after acquiring an additional 83 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value 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 approximately $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction 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 directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on JBHT shares. Evercore ISI upped their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. cut their price objective 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. Loop Capital lifted their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Stifel Nicolaus upped their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Finally, Benchmark reiterated a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $187.56.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $181.99 on Tuesday. The stock has a market cap of $18.35 billion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 3.10 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The business has a fifty day moving average of $172.34 and a two-hundred day moving average of $166.60. The company has a quick ratio of 1.21, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period in the previous year, the firm earned $1.80 EPS. As a group, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.68 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.43 dividend. 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 0.95%. J.B. Hunt Transport Services’s payout ratio is presently 31.27%.

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.