J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Premier Fund Managers Ltd

Premier Fund Managers Ltd increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 10.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 330,073 shares of the transportation company’s stock after acquiring an additional 30,000 shares during the quarter. J.B. Hunt Transport Services comprises 2.0% of Premier Fund Managers Ltd’s investment portfolio, making the stock its 21st biggest position. Premier Fund Managers Ltd’s holdings in J.B. Hunt Transport Services were worth $56,875,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Catalyst Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $26,000. Versant Capital Management Inc boosted its stake in J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after buying an additional 149 shares during the last quarter. Innealta Capital LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 1,614 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares of the company’s stock, valued at $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,314 shares of company stock worth $1,534,052. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup upped their price objective on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Loop Capital boosted their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Stifel Nicolaus raised their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Stephens reissued an “overweight” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.11.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $180.18 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $18.17 billion, a P/E ratio of 32.76, a P/E/G ratio of 2.90 and a beta of 1.14. The stock has a 50-day moving average of $176.04 and a two-hundred day moving average of $168.55. 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 for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the business posted $1.80 earnings per share. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

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.