Wealth Enhancement Advisory Services LLC Has $878,000 Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Wealth Enhancement Advisory Services LLC increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,097 shares of the transportation company’s stock after buying an additional 61 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in J.B. Hunt Transport Services were worth $878,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of JBHT. Fulton Bank N.A. bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at $357,000. GAMMA Investing LLC increased its position in shares of J.B. Hunt Transport Services by 23.1% during the 4th quarter. GAMMA Investing LLC now owns 1,023 shares of the transportation company’s stock worth $175,000 after purchasing an additional 192 shares in the last quarter. Versant Capital Management Inc lifted its holdings in J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in J.B. Hunt Transport Services by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 98,725 shares of the transportation company’s stock valued at $17,013,000 after purchasing an additional 1,737 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in J.B. Hunt Transport Services by 18.3% in the third quarter. Retirement Systems of Alabama now owns 148,887 shares of the transportation company’s stock valued at $25,658,000 after buying an additional 23,078 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 2.7 %

JBHT opened at $186.55 on Thursday. The firm has a 50 day simple moving average of $180.64 and a 200 day simple moving average of $173.58. 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 company has a market cap of $18.81 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 2.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the company posted $1.80 EPS. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Eric Mcgee sold 145 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares in the company, valued at $127,904. This trade represents a 17.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the transaction, the chief executive officer now owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock valued at $2,136,277 over the last three months. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JBHT. Benchmark reaffirmed a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 10th. TD Cowen raised their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Citigroup boosted their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Barclays increased their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Loop Capital lifted their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $191.78.

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.