IFP Advisors Inc Has $153,000 Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

IFP Advisors Inc lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 898 shares of the transportation company’s stock after acquiring an additional 128 shares during the period. IFP Advisors Inc’s holdings in J.B. Hunt Transport Services were worth $153,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Janus Henderson Group PLC raised its holdings in shares of J.B. Hunt Transport Services by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock worth $581,567,000 after buying an additional 22,563 shares in the last quarter. State Street Corp raised its holdings in shares of J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after buying an additional 19,826 shares in the last quarter. Parnassus Investments LLC raised its holdings in shares of J.B. Hunt Transport Services by 14.1% during the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after buying an additional 93,213 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of J.B. Hunt Transport Services by 1.4% during the 3rd quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company’s stock worth $110,524,000 after buying an additional 8,997 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after buying an additional 12,040 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on JBHT shares. TD Cowen lowered their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a report on Friday, January 17th. UBS Group lowered their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a report on Friday, January 17th. Stephens reaffirmed an “overweight” rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Raymond James lowered their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $191.11.

J.B. Hunt Transport Services Trading Down 2.1 %

NASDAQ JBHT opened at $157.82 on Tuesday. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $204.43. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $170.96 and its two-hundred day moving average price is $174.78. The firm has a market capitalization of $15.78 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.61 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company earned $1.47 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.44 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.12%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.65%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the transaction, the chief executive officer now owns 82,264 shares in the company, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. The trade was a 17.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,545 shares of company stock worth $1,898,942 in the last 90 days. Corporate insiders own 2.10% 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.