J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Forsta AP Fonden

Forsta AP Fonden lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 28.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,900 shares of the transportation company’s stock after acquiring an additional 3,500 shares during the period. Forsta AP Fonden’s holdings in J.B. Hunt Transport Services were worth $2,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in JBHT. Wealth Enhancement Advisory Services LLC lifted its position in J.B. Hunt Transport Services by 4.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock worth $662,000 after purchasing an additional 128 shares during the period. Uncommon Cents Investing LLC raised its stake in shares of J.B. Hunt Transport Services by 3.0% in the 1st quarter. Uncommon Cents Investing LLC now owns 4,150 shares of the transportation company’s stock worth $827,000 after buying an additional 120 shares in the last quarter. Tempus Wealth Planning LLC raised its stake in shares of J.B. Hunt Transport Services by 2.7% in the 1st quarter. Tempus Wealth Planning LLC now owns 5,781 shares of the transportation company’s stock worth $1,152,000 after buying an additional 153 shares in the last quarter. Oak Harvest Investment Services lifted its holdings in shares of J.B. Hunt Transport Services by 9.8% in the first quarter. Oak Harvest Investment Services now owns 3,714 shares of the transportation company’s stock valued at $740,000 after buying an additional 332 shares during the period. Finally, New Century Financial Group LLC boosted its stake in J.B. Hunt Transport Services by 5.1% during the first quarter. New Century Financial Group LLC now owns 2,706 shares of the transportation company’s stock valued at $539,000 after buying an additional 132 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $179.43 on Wednesday. The firm has a 50 day simple moving average of $171.99 and a 200 day simple moving average of $166.55. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The stock has a market cap of $18.52 billion, a P/E ratio of 28.48, a P/E/G ratio of 3.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.21 and a current ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the previous year, the company posted $1.80 EPS. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.69 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is currently 27.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley cut their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. TD Cowen increased their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Susquehanna raised their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Evercore ISI upped their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Citigroup began coverage on J.B. Hunt Transport Services in a research note on Wednesday, October 9th. They set a “buy” rating and a $201.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $187.56.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

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.