Forty three Eighteen Advisors LLC Acquires New Position in J.B. Hunt Transport Services, Inc. $JBHT

Forty three Eighteen Advisors LLC acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,562 shares of the transportation company’s stock, valued at approximately $692,000.

A number of other institutional investors have also recently bought and sold shares of the business. CYBER HORNET ETFs LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $32,000. MUFG Securities EMEA plc bought a new stake in J.B. Hunt Transport Services in the second quarter valued at about $34,000. Whittier Trust Co. increased its holdings in J.B. Hunt Transport Services by 39.1% in the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 50 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JBHT shares. UBS Group raised their target price on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. TD Cowen upped their price target on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Barclays increased their price target on shares of J.B. Hunt Transport Services from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Benchmark lifted their price objective on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Stifel Nicolaus boosted their price objective on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $236.17.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $271.22 on Friday. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $293.54. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market cap of $25.58 billion, a PE ratio of 41.98, a P/E/G ratio of 2.02 and a beta of 1.30. The business’s 50-day moving average price is $258.66 and its two-hundred day moving average price is $226.02.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.17 earnings per share. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.86%.

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

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the sale, the executive vice president directly owned 8,696 shares in the company, valued at approximately $2,213,045.04. This trade represents a 31.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the transaction, the executive vice president directly owned 4,604 shares in the company, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,119 shares of company stock worth $4,736,095 in the last quarter. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.