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

Farther Finance Advisors LLC increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 18.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 388 shares of the transportation company’s stock after buying an additional 60 shares during the quarter. Farther Finance Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $67,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after acquiring an additional 149 shares during the last quarter. Innealta Capital LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $31,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $32,000. Ashton Thomas Private Wealth LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth $36,000. Finally, Cromwell Holdings LLC increased its stake in J.B. Hunt Transport Services by 47.2% in the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JBHT shares. Evercore ISI increased their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group decreased their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Susquehanna boosted their target price on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Bank of America increased their price target on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Loop Capital boosted their price objective on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have issued 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 $189.00.

J.B. Hunt Transport Services Stock Down 2.4 %

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

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the prior year, the company earned $1.80 EPS. Analysts predict 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. Shareholders of record on Friday, November 8th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a 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%.

Insiders Place Their Bets

In other news, SVP Kevin Bracy sold 1,614 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the sale, the senior vice president now directly owns 8,235 shares in the company, valued at $1,563,579.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,314 shares of company stock valued at $1,534,052. Corporate insiders own 2.10% of the company’s stock.

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.