Advisor Group Holdings Inc. Makes New $2.33 Million Investment in J B Hunt Transport Services Inc (NASDAQ:JBHT)

Advisor Group Holdings Inc. purchased a new position in J B Hunt Transport Services Inc (NASDAQ:JBHT) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,221 shares of the transportation company’s stock, valued at approximately $2,329,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JBHT. Signaturefd LLC boosted its position in shares of J B Hunt Transport Services by 300.0% during the 1st quarter. Signaturefd LLC now owns 452 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 339 shares in the last quarter. Ellevest Inc. boosted its position in shares of J B Hunt Transport Services by 113.8% during the 1st quarter. Ellevest Inc. now owns 464 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 247 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of J B Hunt Transport Services by 51.3% during the 1st quarter. First Horizon Advisors Inc. now owns 478 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 162 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of J B Hunt Transport Services by 95.6% during the 1st quarter. Parallel Advisors LLC now owns 489 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 239 shares in the last quarter. Finally, Smithfield Trust Co. boosted its position in shares of J B Hunt Transport Services by 1,940.0% during the 1st quarter. Smithfield Trust Co. now owns 510 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 485 shares in the last quarter. Institutional investors own 73.71% of the company’s stock.

Several analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of J B Hunt Transport Services from $99.00 to $125.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Morgan Stanley lifted their price target on shares of J B Hunt Transport Services from $87.00 to $91.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Cowen cut their price target on shares of J B Hunt Transport Services from $118.00 to $103.00 and set a “market perform” rating for the company in a report on Wednesday, April 15th. Credit Suisse Group cut their price target on shares of J B Hunt Transport Services from $110.00 to $98.00 and set a “neutral” rating for the company in a report on Wednesday, April 15th. Finally, Stephens lifted their price target on shares of J B Hunt Transport Services from $114.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $109.94.

Shares of NASDAQ JBHT opened at $120.34 on Wednesday. J B Hunt Transport Services Inc has a 1-year low of $75.29 and a 1-year high of $122.39. The company has a market cap of $12.66 billion, a PE ratio of 24.26, a P/E/G ratio of 1.87 and a beta of 1.00. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $113.31 and a two-hundred day moving average of $106.98.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, April 14th. The transportation company reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.06). J B Hunt Transport Services had a return on equity of 24.76% and a net margin of 5.71%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts forecast that J B Hunt Transport Services Inc will post 4.29 earnings per share for the current year.

In other news, CFO David G. Mee sold 12,000 shares of J B Hunt Transport Services stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $105.80, for a total transaction of $1,269,600.00. Following the completion of the sale, the chief financial officer now owns 142,590 shares in the company, valued at approximately $15,086,022. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bradley W. Hicks sold 1,000 shares of J B Hunt Transport Services stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $105.43, for a total transaction of $105,430.00. Following the sale, the executive vice president now owns 15,877 shares of the company’s stock, valued at approximately $1,673,912.11. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,880 shares of company stock valued at $3,166,590. 3.51% of the stock is owned by corporate insiders.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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