Legacy Financial Advisors Inc. Invests $383,000 in J.B. Hunt Transport Services, Inc. $JBHT

Legacy Financial Advisors Inc. acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,972 shares of the transportation company’s stock, valued at approximately $383,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBHT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $2,314,000 after acquiring an additional 6,668 shares during the period. Goldman Sachs Group Inc. lifted its holdings in 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 valued at $64,160,000 after purchasing an additional 13,729 shares during the last quarter. 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 valued at $262,000 after purchasing an additional 385 shares during the last quarter. Sivia Capital Partners LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter valued at about $539,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in J.B. Hunt Transport Services by 21.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 101 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

Insider Transactions at J.B. Hunt Transport Services

In other news, SVP Jennifer Boattini sold 2,238 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $232.00, for a total transaction of $519,216.00. Following the completion of the sale, the senior vice president owned 16,650 shares in the company, valued at $3,862,800. The trade was a 11.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Nicholas Hobbs sold 1,272 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total transaction of $318,954.00. Following the sale, the chief operating officer owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. This represents a 1.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,510 shares of company stock worth $1,092,450 in the last quarter. 2.50% of the stock is owned by company insiders.

J.B. Hunt Transport Services Trading Up 7.1%

Shares of NASDAQ JBHT opened at $254.66 on Friday. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $257.16. The company has a market cap of $24.01 billion, a PE ratio of 39.42, a P/E/G ratio of 1.77 and a beta of 1.28. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $225.68 and a two-hundred day moving average of $207.02.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last announced its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. As a group, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is currently 27.86%.

Analysts Set New Price Targets

JBHT has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Evercore reissued an “outperform” rating and set a $248.00 price target on shares of J.B. Hunt Transport Services in a report on Monday. Wells Fargo & Company lifted their price target on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Argus set a $285.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, April 20th. Finally, Raymond James Financial reissued an “outperform” rating and set a $240.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $228.17.

Check Out Our Latest Stock Report on JBHT

J.B. Hunt Transport Services Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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