Capital Advisors Inc. OK Acquires New Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Capital Advisors Inc. OK acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,170 shares of the transportation company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBHT. Mackenzie Financial Corp increased its stake in J.B. Hunt Transport Services by 0.9% in the 1st quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock worth $1,264,000 after acquiring an additional 56 shares during the last quarter. Drive Wealth Management LLC increased its stake in J.B. Hunt Transport Services by 3.5% in the 4th quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock worth $339,000 after acquiring an additional 57 shares during the last quarter. Garrison Asset Management LLC increased its stake in J.B. Hunt Transport Services by 0.4% in the 3rd quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock worth $2,532,000 after acquiring an additional 59 shares during the last quarter. Yousif Capital Management LLC increased its stake in J.B. Hunt Transport Services by 0.5% in the 1st quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock worth $2,661,000 after acquiring an additional 60 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in J.B. Hunt Transport Services by 26.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after acquiring an additional 62 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the completion of the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the completion of the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the transaction, the insider now owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Insiders sold a total of 20,432 shares of company stock valued at $4,309,687 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Down 1.9 %

Shares of NASDAQ:JBHT opened at $185.47 on Monday. J.B. Hunt Transport Services, Inc. has a 52-week low of $164.39 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market capitalization of $19.16 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.62 and a beta of 1.11. The stock has a 50 day moving average price of $201.81 and a 200-day moving average price of $193.39.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the business earned $1.92 EPS. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.61 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, February 8th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 24.68%.

Analyst Ratings Changes

A number of equities analysts have weighed in on JBHT shares. StockNews.com lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Raymond James upped their price objective on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Benchmark reiterated a “buy” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, March 13th. TD Cowen upped their price objective on J.B. Hunt Transport Services from $178.00 to $199.00 and gave the stock a “market perform” rating in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. cut their price objective on J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.56.

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.