Mackenzie Financial Corp Grows Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mackenzie Financial Corp boosted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,595 shares of the transportation company’s stock after purchasing an additional 248 shares during the period. Mackenzie Financial Corp’s holdings in J.B. Hunt Transport Services were worth $1,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. VisionPoint Advisory Group LLC lifted its position in J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares in the last quarter. Operose Advisors LLC purchased a new position in J.B. Hunt Transport Services during the third quarter valued at $34,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in J.B. Hunt Transport Services during the third quarter valued at $36,000. Exchange Traded Concepts LLC purchased a new position in J.B. Hunt Transport Services during the third quarter valued at $45,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of J.B. Hunt Transport Services by 505.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 258 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Trading Down 1.7 %

JBHT opened at $164.63 on Thursday. The stock has a market cap of $17.01 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 2.20 and a beta of 1.11. The stock’s 50 day moving average price is $194.92 and its 200-day moving average price is $192.45. J.B. Hunt Transport Services, Inc. has a one year low of $160.07 and a one year high of $219.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Loop Capital lowered their price objective on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Susquehanna lowered their price objective on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. TD Cowen lowered their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Stifel Nicolaus lowered their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Finally, StockNews.com downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.24.

Insider Activity

In other news, CFO John Kuhlow sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares of the company’s stock, valued at $2,244,381. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO John Kuhlow sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares of the company’s stock, valued at $2,244,381. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Patrick J. Ottensmeyer bought 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 15,454 shares of company stock valued at $3,283,219. 2.10% of the stock is currently owned by 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.