Fulton Bank N.A. Invests $357,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Fulton Bank N.A. purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,089 shares of the transportation company’s stock, valued at approximately $357,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at $248,000. Quest Partners LLC raised its holdings in J.B. Hunt Transport Services by 126,900.0% during the 2nd quarter. Quest Partners LLC now owns 1,270 shares of the transportation company’s stock worth $203,000 after purchasing an additional 1,269 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $36,000. Choreo LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter worth approximately $218,000. Finally, Daiwa Securities Group Inc. lifted its holdings in J.B. Hunt Transport Services by 6.4% in the second quarter. Daiwa Securities Group Inc. now owns 15,803 shares of the transportation company’s stock valued at $2,528,000 after buying an additional 956 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity

In other news, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the transaction, the executive vice president now owns 700 shares of the company’s stock, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the sale, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,459 shares of company stock valued at $2,136,277 over the last ninety days. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Down 2.0 %

Shares of JBHT stock opened at $174.29 on Friday. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 2.86 and a beta of 1.16. The firm’s 50-day moving average is $180.91 and its 200-day moving average is $172.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its quarterly earnings data 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 company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period last year, the firm posted $1.80 earnings per share. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.43 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.99%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JBHT. Evercore ISI increased their price target 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. Stephens restated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. The Goldman Sachs Group reduced their target price on 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. Stifel Nicolaus lifted their price target on shares of 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. Finally, Barclays raised their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.11.

View Our Latest Report on JBHT

About J.B. Hunt Transport Services

(Free Report)

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.

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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