Wealth Enhancement Advisory Services LLC Acquires 61 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Wealth Enhancement Advisory Services LLC lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,097 shares of the transportation company’s stock after buying an additional 61 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in J.B. Hunt Transport Services were worth $878,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $26,000. True Wealth Design LLC increased its position in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after acquiring an additional 142 shares in the last quarter. Cromwell Holdings LLC raised its holdings in shares of J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock worth $41,000 after acquiring an additional 76 shares during the period. Versant Capital Management Inc lifted its position in J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 142 shares in the last quarter. Finally, Huntington National Bank boosted its stake in J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after purchasing an additional 61 shares during the period. 74.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JBHT. Evercore ISI lifted 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. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price on the stock in a research report on Friday, January 3rd. TD Cowen upped their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Stephens reissued an “overweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.78.

J.B. Hunt Transport Services Stock Up 2.7 %

Shares of JBHT stock opened at $186.55 on Thursday. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $18.81 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 2.86 and a beta of 1.16. The firm’s 50-day moving average is $180.64 and its 200-day moving average is $173.58.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the prior year, the company earned $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.

Insider Buying and Selling

In related news, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares in the company, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,459 shares of company stock valued at $2,136,277. 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.