Sanctuary Advisors LLC Buys 678 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Sanctuary Advisors LLC lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,725 shares of the transportation company’s stock after buying an additional 678 shares during the quarter. Sanctuary Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $1,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of J.B. Hunt Transport Services by 67.7% during the third quarter. Blue Trust Inc. now owns 451 shares of the transportation company’s stock worth $72,000 after purchasing an additional 182 shares in the last quarter. Raymond James & Associates grew its position in shares of J.B. Hunt Transport Services by 5.3% during the third quarter. Raymond James & Associates now owns 18,084 shares of the transportation company’s stock worth $3,116,000 after purchasing an additional 912 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of J.B. Hunt Transport Services by 15.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,365 shares of the transportation company’s stock worth $1,269,000 after purchasing an additional 985 shares in the last quarter. Forsta AP Fonden grew its position in shares of J.B. Hunt Transport Services by 28.2% during the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock worth $2,740,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of J.B. Hunt Transport Services by 33.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,036 shares of the transportation company’s stock worth $868,000 after purchasing an additional 1,275 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the subject of several research analyst reports. Benchmark restated a “buy” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Wells Fargo & Company cut their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Bank of America raised their price target on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Evercore ISI cut their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Finally, Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target for the company in a report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $191.11.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $160.63 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $213.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The firm has a market capitalization of $16.20 billion, a P/E ratio of 28.89, a P/E/G ratio of 1.61 and a beta of 1.15. The stock has a 50 day moving average price of $171.78 and a 200 day moving average price of $174.92.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the business posted $1.47 earnings per share. J.B. Hunt Transport Services’s revenue was down 4.5% on a year-over-year basis. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 1.10%. J.B. Hunt Transport Services’s payout ratio is 31.65%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now directly owns 700 shares of the company’s stock, valued at $127,904. The trade was a 17.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,545 shares of company stock valued at $1,898,942 in the last ninety days. Corporate 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.