Envestnet Asset Management Inc. Boosts Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Envestnet Asset Management Inc. increased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 10.2% in the 1st quarter, Holdings Channel reports. The firm owned 89,610 shares of the transportation company’s stock after buying an additional 8,276 shares during the period. Envestnet Asset Management Inc.’s holdings in J.B. Hunt Transport Services were worth $13,258,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in JBHT. Wellington Management Group LLP lifted its holdings in shares of J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock valued at $215,610,000 after purchasing an additional 1,024,295 shares during the last quarter. Norges Bank acquired a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $146,618,000. Demars Financial Group LLC increased its position in J.B. Hunt Transport Services by 16,964.6% in the 4th quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company’s stock valued at $104,113,000 after acquiring an additional 606,484 shares during the period. Worldquant Millennium Advisors LLC increased its position in J.B. Hunt Transport Services by 2,408.1% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company’s stock valued at $36,502,000 after acquiring an additional 205,360 shares during the period. Finally, Point72 Asset Management L.P. increased its position in J.B. Hunt Transport Services by 194.0% in the 4th quarter. Point72 Asset Management L.P. now owns 258,467 shares of the transportation company’s stock valued at $44,110,000 after acquiring an additional 170,561 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 2.5%

Shares of NASDAQ JBHT opened at $148.89 on Friday. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The company has a market cap of $14.77 billion, a P/E ratio of 27.07, a P/E/G ratio of 2.37 and a beta of 1.29. The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $144.65 and a 200 day moving average price of $151.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.32 earnings per share. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.18%. J.B. Hunt Transport Services’s dividend payout ratio is presently 32.00%.

Analysts Set New Price Targets

JBHT has been the topic of several recent research reports. Sanford C. Bernstein set a $148.00 price target on J.B. Hunt Transport Services and gave the company a “market perform” rating in a research report on Wednesday, April 16th. Baird R W upgraded J.B. Hunt Transport Services to a “strong-buy” rating in a report on Tuesday, July 1st. The Goldman Sachs Group set a $164.00 price objective on J.B. Hunt Transport Services in a report on Tuesday, July 8th. Stifel Nicolaus dropped their price objective on J.B. Hunt Transport Services from $150.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Raymond James Financial upped their price objective on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an “outperform” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.90.

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

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer directly owned 91,847 shares of the company’s stock, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

About J.B. Hunt Transport Services

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.