Jackson Thornton Wealth Management LLC Has $631,000 Stake in J.B. Hunt Transport Services, Inc. $JBHT

Jackson Thornton Wealth Management LLC grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 224.0% during the third quarter, HoldingsChannel.com reports. The firm owned 4,309 shares of the transportation company’s stock after acquiring an additional 2,979 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in J.B. Hunt Transport Services were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in JBHT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of J.B. Hunt Transport Services by 74.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after purchasing an additional 6,668 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of J.B. Hunt Transport Services by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after acquiring an additional 13,729 shares during the period. Empowered Funds LLC lifted its holdings in J.B. Hunt Transport Services by 27.8% during the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after purchasing an additional 385 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth $539,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in J.B. Hunt Transport Services by 3.2% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,697 shares of the transportation company’s stock valued at $1,536,000 after purchasing an additional 336 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citigroup cut shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $175.00 to $221.00 in a research report on Wednesday, January 7th. UBS Group raised their target price on shares of J.B. Hunt Transport Services from $174.00 to $196.00 and gave the stock a “neutral” rating in a report on Friday. Benchmark increased their price target on shares of J.B. Hunt Transport Services from $175.00 to $212.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Morgan Stanley boosted their price objective on shares of J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Finally, TD Cowen upped their price objective on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the company a “hold” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $199.68.

J.B. Hunt Transport Services Stock Down 0.7%

JBHT stock opened at $203.00 on Tuesday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $209.53. The company has a market capitalization of $19.33 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. The business’s 50 day moving average price is $188.96 and its two-hundred day moving average price is $162.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share. As a group, analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 28.66%.

J.B. Hunt Transport Services announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP Brian Webb sold 796 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $189.11, for a total value of $150,531.56. Following the sale, the executive vice president directly owned 15,697 shares of the company’s stock, valued at $2,968,459.67. The trade was a 4.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO John Kuhlow sold 3,225 shares of J.B. Hunt Transport Services stock in a transaction on Monday, December 1st. The shares were sold at an average price of $179.76, for a total value of $579,726.00. Following the transaction, the chief accounting officer owned 13,095 shares of the company’s stock, valued at $2,353,957.20. The trade was a 19.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,109 shares of company stock valued at $2,688,970 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.