Ameritas Advisory Services LLC Makes New $368,000 Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Ameritas Advisory Services LLC bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,156 shares of the transportation company’s stock, valued at approximately $368,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. B & T Capital Management DBA Alpha Capital Management raised its stake in shares of J.B. Hunt Transport Services by 2.1% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 13,591 shares of the transportation company’s stock worth $2,319,000 after purchasing an additional 282 shares during the last quarter. Merit Financial Group LLC purchased a new stake in J.B. Hunt Transport Services in the 4th quarter valued at $253,000. Avanza Fonder AB bought a new position in J.B. Hunt Transport Services during the 4th quarter valued at $1,545,000. Gateway Investment Advisers LLC boosted its holdings in J.B. Hunt Transport Services by 48.4% during the 4th quarter. Gateway Investment Advisers LLC now owns 4,239 shares of the transportation company’s stock worth $723,000 after acquiring an additional 1,383 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of J.B. Hunt Transport Services by 155.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after purchasing an additional 134,476 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,859 shares of company stock worth $2,907,905 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $170.28 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The stock has a market cap of $17.17 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16. The stock has a fifty day moving average of $178.65 and a 200-day moving average of $174.25.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company earned $1.47 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup reduced their price objective on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Benchmark reaffirmed a “buy” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Stephens reissued an “overweight” rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Stifel Nicolaus decreased their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group lowered 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 research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $191.11.

Check Out Our Latest Stock Analysis 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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