Forty three Eighteen Advisors LLC Takes $692,000 Position in J.B. Hunt Transport Services, Inc. $JBHT

Forty three Eighteen Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,562 shares of the transportation company’s stock, valued at approximately $692,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC lifted its stake in J.B. Hunt Transport Services by 25.4% in the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 47 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after acquiring an additional 48 shares in the last quarter. Hartford Funds Management Co LLC raised its holdings in shares of J.B. Hunt Transport Services by 1.2% in the fourth quarter. Hartford Funds Management Co LLC now owns 4,189 shares of the transportation company’s stock valued at $814,000 after purchasing an additional 49 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of J.B. Hunt Transport Services by 39.1% in the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 50 shares during the last quarter. Finally, Huntington National Bank lifted its position in shares of J.B. Hunt Transport Services by 6.7% in the fourth quarter. Huntington National Bank now owns 798 shares of the transportation company’s stock worth $155,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $271.22 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $293.54. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $258.66 and a 200-day moving average of $226.02. The company has a market cap of $25.58 billion, a PE ratio of 41.98, a PEG ratio of 2.02 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the company earned $1.17 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is currently 27.86%.

Insider Activity at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs sold 1,272 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the completion of the sale, the chief operating officer directly owned 91,736 shares in the company, valued at approximately $23,002,802. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total value of $516,400.00. Following the transaction, the executive vice president owned 4,604 shares of the company’s stock, valued at $1,188,752.80. The trade was a 30.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,119 shares of company stock worth $4,736,095 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the subject of several recent research reports. Citigroup increased their target price on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Evercore reiterated an “outperform” rating and issued a $248.00 price target on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. UBS Group boosted their price target on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Argus set a $285.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, April 20th. Finally, Robert W. Baird raised their price objective on J.B. Hunt Transport Services from $275.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $236.17.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.