J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 419.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 981 shares of the transportation company’s stock after purchasing an additional 792 shares during the period. Venturi Wealth Management LLC’s holdings in J.B. Hunt Transport Services were worth $167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its stake in J.B. Hunt Transport Services by 3.9% during the 4th quarter. CIBC Asset Management Inc now owns 12,884 shares of the transportation company’s stock valued at $2,199,000 after purchasing an additional 484 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of J.B. Hunt Transport Services by 11.2% in the 4th quarter. Sanctuary Advisors LLC now owns 6,725 shares of the transportation company’s stock worth $1,166,000 after acquiring an additional 678 shares during the period. Catalyst Capital Advisors LLC lifted its stake in shares of J.B. Hunt Transport Services by 140.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company’s stock worth $62,000 after acquiring an additional 212 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of J.B. Hunt Transport Services by 1.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,899 shares of the transportation company’s stock worth $5,659,000 after acquiring an additional 391 shares during the period. Finally, Stephens Inc. AR lifted its stake in shares of J.B. Hunt Transport Services by 119.0% in the 4th quarter. Stephens Inc. AR now owns 112,116 shares of the transportation company’s stock worth $19,134,000 after acquiring an additional 60,926 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Down 0.5 %

JBHT stock opened at $167.71 on Friday. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $214.39. The company’s 50 day simple moving average is $172.42 and its 200-day simple moving average is $174.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The firm has a market capitalization of $16.91 billion, a P/E ratio of 30.16, a P/E/G ratio of 1.62 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released 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). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.47 EPS. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Stephens reaffirmed an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Benchmark reaffirmed a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Barclays boosted their target price on shares of 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, Citigroup dropped their target price on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $191.11.

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 the company’s 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 transaction, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. This represents a 17.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the company’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 completion of the transaction, the chief executive officer now owns 82,264 shares in the company, 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. In the last quarter, insiders have sold 10,545 shares of company stock worth $1,898,942. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Company 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.