J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Advisor Group Holdings Inc.

Posted by Defense World Staff on Jun 1st, 2023

Advisor Group Holdings Inc. grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,959 shares of the transportation company’s stock after acquiring an additional 1,736 shares during the quarter. Advisor Group Holdings Inc.’s holdings in J.B. Hunt Transport Services were worth $5,053,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of JBHT. Allworth Financial LP increased its holdings in J.B. Hunt Transport Services by 141.8% in the 4th quarter. Allworth Financial LP now owns 162 shares of the transportation company’s stock worth $28,000 after buying an additional 95 shares during the period. Salem Investment Counselors Inc. increased its holdings in J.B. Hunt Transport Services by 69.1% in the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after buying an additional 85 shares during the period. Exchange Traded Concepts LLC acquired a new position in J.B. Hunt Transport Services in the 4th quarter worth approximately $42,000. Stonebridge Capital Advisors LLC increased its holdings in J.B. Hunt Transport Services by 57.6% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 238 shares of the transportation company’s stock worth $48,000 after buying an additional 87 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in J.B. Hunt Transport Services by 79.6% in the 1st quarter. Parkside Financial Bank & Trust now owns 273 shares of the transportation company’s stock worth $55,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 74.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Bank of America lowered their price objective on J.B. Hunt Transport Services from $197.00 to $194.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. Stephens lowered their price objective on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Thursday, March 30th. Raymond James lowered their price objective on J.B. Hunt Transport Services from $200.00 to $195.00 and set an “outperform” rating on the stock in a research report on Friday, April 14th. Evercore ISI lowered their price objective on J.B. Hunt Transport Services from $200.00 to $191.00 in a research report on Tuesday, April 18th. Finally, Susquehanna decreased their target price on J.B. Hunt Transport Services from $180.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, April 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $189.67.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee sold 1,200 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $175.30, for a total transaction of $210,360.00. Following the completion of the transaction, the executive vice president now directly owns 1,210 shares in the company, valued at approximately $212,113. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Eric Mcgee sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $175.30, for a total value of $210,360.00. Following the completion of the transaction, the executive vice president now owns 1,210 shares in the company, valued at approximately $212,113. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stuart Lockard Scott sold 2,458 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $178.34, for a total value of $438,359.72. Following the completion of the transaction, the executive vice president now owns 29,126 shares of the company’s stock, valued at approximately $5,194,330.84. The disclosure for this sale can be found here. Insiders sold 7,158 shares of company stock worth $1,264,895 in the last three months. 3.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Stock Down 2.5 %

Shares of NASDAQ:JBHT opened at $166.97 on Thursday. The business has a 50-day moving average price of $172.95 and a 200 day moving average price of $178.79. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.33 and a beta of 1.13. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.92 and a 12-month high of $200.64.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last issued its quarterly earnings data on Monday, April 17th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.23). The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.42 billion. J.B. Hunt Transport Services had a return on equity of 25.85% and a net margin of 6.35%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.29 earnings per share. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 8.56 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, May 11th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 19.09%.

J.B. Hunt Transport Services Company Profile

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J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.