3,464 Shares in J.B. Hunt Transport Services, Inc. $JBHT Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,464 shares of the transportation company’s stock, valued at approximately $497,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of J.B. Hunt Transport Services by 13.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 1,209 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of J.B. Hunt Transport Services in the 1st quarter worth about $1,746,000. Bessemer Group Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 22.4% in the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock worth $97,000 after purchasing an additional 120 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of J.B. Hunt Transport Services by 8.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after purchasing an additional 494 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 14.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,542 shares of the transportation company’s stock worth $820,000 after purchasing an additional 689 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JBHT shares. Robert W. Baird upped their price objective on J.B. Hunt Transport Services from $164.00 to $173.00 and gave the stock an “outperform” rating in a report on Friday. Wells Fargo & Company upped their price objective on J.B. Hunt Transport Services from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday. BMO Capital Markets increased their target price on J.B. Hunt Transport Services from $172.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday. Sanford C. Bernstein set a $172.00 target price on J.B. Hunt Transport Services in a report on Thursday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $165.55.

J.B. Hunt Transport Services Trading Up 0.4%

NASDAQ JBHT opened at $165.49 on Tuesday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a 50 day simple moving average of $141.69 and a two-hundred day simple moving average of $141.31. The stock has a market cap of $16.02 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.29 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the business posted $1.49 EPS. The business’s revenue was down .5% on a year-over-year basis. On average, analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.44 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.76 annualized dividend and a yield of 1.1%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.50%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares in the company, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eric Mcgee acquired 1,148 shares of the company’s stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $140.76 per share, with a total value of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services 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.