Cerity Partners LLC Purchases 8,017 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Cerity Partners LLC increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 123.9% in the third quarter, HoldingsChannel reports. The firm owned 14,486 shares of the transportation company’s stock after buying an additional 8,017 shares during the period. Cerity Partners LLC’s holdings in J.B. Hunt Transport Services were worth $2,496,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after buying an additional 193,684 shares during the period. Mizuho Securities USA LLC lifted its position in J.B. Hunt Transport Services by 2,384.8% during the third quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock worth $25,297,000 after acquiring an additional 149,815 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of J.B. Hunt Transport Services by 282.8% during the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after acquiring an additional 128,283 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $19,755,000. Finally, Renaissance Technologies LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $16,887,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Barclays boosted their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Stephens reiterated an “overweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group lowered their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.11.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares of the company’s stock, valued at $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now owns 8,235 shares in the company, valued at approximately $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,314 shares of company stock worth $1,008,962. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $189.11 on Monday. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $178.82 and a 200 day simple moving average of $169.56. The company has a market cap of $19.07 billion, a P/E ratio of 34.38, a P/E/G ratio of 3.01 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $1.80 earnings per share. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.91%. 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.