3,237 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Purchased by Verition Fund Management LLC

Verition Fund Management LLC purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 3,237 shares of the transportation company’s stock, valued at approximately $650,000.

Other institutional investors have also modified their holdings of the company. Independence Bank of Kentucky acquired a new position in shares of J.B. Hunt Transport Services in the first quarter worth about $36,000. Catalyst Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the first quarter valued at approximately $42,000. Stonebridge Capital Advisors LLC raised its stake in J.B. Hunt Transport Services by 57.6% during the first quarter. Stonebridge Capital Advisors LLC now owns 238 shares of the transportation company’s stock valued at $48,000 after buying an additional 87 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in J.B. Hunt Transport Services by 79.6% during the first quarter. Parkside Financial Bank & Trust now owns 273 shares of the transportation company’s stock valued at $55,000 after buying an additional 121 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in J.B. Hunt Transport Services by 1,304.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 323 shares of the transportation company’s stock valued at $65,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 73.87% of the company’s stock.

Analyst Ratings Changes

JBHT has been the topic of several research reports. Barclays cut their price objective on J.B. Hunt Transport Services from $225.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Cowen upped their price objective on J.B. Hunt Transport Services from $188.00 to $193.00 in a research note on Wednesday, July 20th. Wolfe Research upped their target price on J.B. Hunt Transport Services from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, July 20th. Credit Suisse Group upped their target price on J.B. Hunt Transport Services from $178.00 to $185.00 and gave the company a “neutral” rating in a report on Wednesday, July 20th. Finally, Evercore ISI upped their target price on J.B. Hunt Transport Services from $207.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, July 20th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $203.63.

Insider Activity

In related news, EVP Eric Mcgee acquired 210 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was bought at an average price of $167.75 per share, for a total transaction of $35,227.50. Following the transaction, the executive vice president now owns 611 shares of the company’s stock, valued at $102,495.25. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Darren P. Field sold 2,200 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $179.85, for a total transaction of $395,670.00. Following the completion of the sale, the executive vice president now owns 9,058 shares in the company, valued at approximately $1,629,081.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Mcgee bought 210 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, September 7th. The stock was acquired at an average price of $167.75 per share, with a total value of $35,227.50. Following the acquisition, the executive vice president now directly owns 611 shares of the company’s stock, valued at $102,495.25. The disclosure for this purchase can be found here. Insiders own 3.10% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $163.64 on Friday. The stock has a fifty day moving average price of $177.95 and a two-hundred day moving average price of $176.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $16.99 billion, a P/E ratio of 18.45, a PEG ratio of 1.16 and a beta of 1.13. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.92 and a 1 year high of $218.18.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last issued its quarterly earnings results on Tuesday, July 19th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.11. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.61 billion. J.B. Hunt Transport Services had a return on equity of 29.82% and a net margin of 6.73%. The firm’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 9.61 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 5th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.98%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 18.04%.

J.B. Hunt Transport Services Profile

(Get Rating)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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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