Park Avenue Securities LLC Has $599,000 Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Park Avenue Securities LLC boosted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,007 shares of the transportation company’s stock after purchasing an additional 248 shares during the period. Park Avenue Securities LLC’s holdings in J.B. Hunt Transport Services were worth $599,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC grew its stake in shares of J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after buying an additional 87 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth about $49,000. Exchange Traded Concepts LLC raised its holdings in shares of J.B. Hunt Transport Services by 26.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 62 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in J.B. Hunt Transport Services by 505.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 258 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in J.B. Hunt Transport Services by 75.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 350 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 150 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Stephens dropped their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Stifel Nicolaus cut their price target on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Robert W. Baird decreased their price objective on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. JPMorgan Chase & Co. cut their target price on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Finally, UBS Group decreased their price target on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.29.

Insider Activity

In related news, CEO John N. Roberts acquired 6,200 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average price of $161.06 per share, with a total value of $998,572.00. Following the purchase, the chief executive officer now directly owns 313,955 shares in the company, valued at $50,565,592.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $157.12 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The company has a market cap of $16.21 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 1.78 and a beta of 1.15. The company has a 50 day moving average of $161.70 and a 200-day moving average of $186.22. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a $0.43 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.09%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.30%.

J.B. Hunt Transport Services 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.