Lido Advisors LLC Has $20.28 Million Stake in J.B. Hunt Transport Services, Inc. $JBHT

Lido Advisors LLC raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 10.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,225 shares of the transportation company’s stock after acquiring an additional 13,686 shares during the quarter. Lido Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $20,280,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC lifted its stake in J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 196 shares during the last quarter. Private Trust Co. NA raised its stake in J.B. Hunt Transport Services by 57.8% in the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after buying an additional 74 shares during the period. Assetmark Inc. lifted its position in shares of J.B. Hunt Transport Services by 418.6% in the second quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock valued at $32,000 after buying an additional 180 shares during the last quarter. National Pension Service boosted its stake in shares of J.B. Hunt Transport Services by 74.9% during the 1st quarter. National Pension Service now owns 306 shares of the transportation company’s stock worth $45,000 after acquiring an additional 131 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of J.B. Hunt Transport Services by 38.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after acquiring an additional 88 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBHT has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on J.B. Hunt Transport Services from $140.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of J.B. Hunt Transport Services from $170.00 to $176.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Citigroup cut their target price on shares of J.B. Hunt Transport Services from $170.00 to $163.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Bank of America upped their price target on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, Barclays increased their price target on shares of J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $166.30.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $173.95 on Monday. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $192.42. The firm has a 50-day moving average price of $156.46 and a two-hundred day moving average price of $148.26. The company has a market capitalization of $16.56 billion, a P/E ratio of 30.15, a P/E/G ratio of 2.33 and a beta of 1.27. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the company posted $1.49 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were given a $0.44 dividend. The ex-dividend date was Friday, November 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 30.50%.

J.B. Hunt Transport Services declared that its board has approved a stock repurchase plan on Wednesday, October 22nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 6,500 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total value of $1,098,500.00. Following the completion of the transaction, the executive vice president owned 12,976 shares of the company’s stock, valued at $2,192,944. The trade was a 33.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.30% 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.