Inceptionr LLC Boosts Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Inceptionr LLC grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 19.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,818 shares of the transportation company’s stock after purchasing an additional 299 shares during the period. Inceptionr LLC’s holdings in J.B. Hunt Transport Services were worth $310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of JBHT. Arvest Bank Trust Division bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth approximately $1,578,000. State Street Corp grew its stake in J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after purchasing an additional 19,826 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in J.B. Hunt Transport Services by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after purchasing an additional 12,040 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in J.B. Hunt Transport Services by 2.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock valued at $32,861,000 after buying an additional 3,910 shares during the period. Finally, Abound Wealth Management boosted its holdings in shares of J.B. Hunt Transport Services by 145,850.0% during the 4th quarter. Abound Wealth Management now owns 2,919 shares of the transportation company’s stock valued at $498,000 after buying an additional 2,917 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.7 %

Shares of JBHT stock opened at $163.45 on Monday. 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 company has a market cap of $16.35 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $203.02. The firm has a fifty day moving average price of $170.09 and a 200-day moving average price of $174.43.

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 the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 EPS. As a group, equities 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. Investors of record on Friday, February 7th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.08%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. UBS Group decreased their target price on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target on the stock in a research report on Friday, January 3rd. Evercore ISI reduced their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their price objective on 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. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $189.84.

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.