Cetera Investment Advisers Has $1.45 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Cetera Investment Advisers trimmed its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 48.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,480 shares of the transportation company’s stock after selling 7,912 shares during the period. Cetera Investment Advisers’ holdings in J.B. Hunt Transport Services were worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Pension Service acquired a new stake in J.B. Hunt Transport Services in the 4th quarter worth $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 134 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 140.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 212 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Trading Down 3.9%

Shares of JBHT stock opened at $139.37 on Thursday. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The company has a market capitalization of $13.82 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.61 and a beta of 1.33. The firm has a 50-day moving average price of $139.08 and a 200 day moving average price of $162.22. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JBHT. Wells Fargo & Company decreased their target price on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Stifel Nicolaus set a $150.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. TD Cowen decreased their target price on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Bank of America lifted their target price on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, Barclays decreased their target price on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average price target of $162.00.

Insider Activity at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs purchased 1,529 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the acquisition, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This represents a 6.31% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company 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.