J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 388 shares of the transportation company’s stock after purchasing an additional 60 shares during the period. Farther Finance Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $67,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in shares of J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after buying an additional 149 shares during the last quarter. Innealta Capital LLC purchased a new stake in J.B. Hunt Transport Services during the second quarter valued at about $31,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $32,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $36,000. Finally, Cromwell Holdings LLC lifted its stake in shares of J.B. Hunt Transport Services by 47.2% in the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on JBHT. Susquehanna boosted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Bank of America lifted their target price on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Stifel Nicolaus upped their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Barclays upped their price objective on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $192.54 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $174.68 and its two-hundred day moving average price is $167.83. The stock has a market cap of $19.41 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 3.28 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period last year, the firm posted $1.80 earnings per share. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The shares were 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 $2,476,674.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,314 shares of company stock valued at $1,534,052 over the last three months. Insiders own 2.10% of the company’s stock.

About J.B. Hunt Transport Services

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.