Blackston Financial Advisory Group LLC Raises Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Blackston Financial Advisory Group LLC increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 24.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,775 shares of the transportation company’s stock after buying an additional 347 shares during the period. Blackston Financial Advisory Group LLC’s holdings in J.B. Hunt Transport Services were worth $306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in JBHT. Jacobs Levy Equity Management Inc. grew its holdings in J.B. Hunt Transport Services by 2,722.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after acquiring an additional 525,729 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after purchasing an additional 193,684 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of J.B. Hunt Transport Services by 282.8% during the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock valued at $27,740,000 after purchasing an additional 128,283 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $19,755,000. Finally, Renaissance Technologies LLC bought a new position in J.B. Hunt Transport Services in the second quarter worth approximately $16,887,000. 74.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on JBHT. Barclays increased their target price on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Morgan Stanley dropped their price objective on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. Evercore ISI boosted their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group decreased their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Susquehanna lifted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.56.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $174.91 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day moving average of $171.68 and a 200 day moving average of $167.15. The firm has a market capitalization of $18.05 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. During the same period last year, the business posted $1.80 earnings per share. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.6 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

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.