J.B. Hunt Transport Services, Inc. $JBHT Shares Acquired by Clearstead Advisors LLC

Clearstead Advisors LLC grew its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 357.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,894 shares of the transportation company’s stock after buying an additional 2,262 shares during the quarter. Clearstead Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. State Street Corp raised its holdings in shares of J.B. Hunt Transport Services by 7.1% during the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock worth $592,015,000 after purchasing an additional 272,594 shares during the period. JPMorgan Chase & Co. raised its stake in J.B. Hunt Transport Services by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock worth $358,510,000 after acquiring an additional 416,167 shares during the period. Geode Capital Management LLC lifted its holdings in J.B. Hunt Transport Services by 0.6% in the second quarter. Geode Capital Management LLC now owns 2,072,500 shares of the transportation company’s stock worth $296,383,000 after acquiring an additional 11,637 shares during the last quarter. AQR Capital Management LLC boosted its stake in J.B. Hunt Transport Services by 411.5% in the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after acquiring an additional 1,447,993 shares during the period. Finally, Park Presidio Capital LLC boosted its stake in J.B. Hunt Transport Services by 149.5% in the second quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company’s stock valued at $96,337,000 after acquiring an additional 401,937 shares during the period. 74.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JBHT has been the topic of a number of research reports. Wolfe Research reiterated an “outperform” rating and set a $214.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, January 8th. TD Cowen restated a “hold” rating on shares of J.B. Hunt Transport Services in a research note on Monday, January 12th. Sanford C. Bernstein raised their target price on J.B. Hunt Transport Services from $158.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, January 9th. Argus raised shares of J.B. Hunt Transport Services to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and upped their price target for the stock from $160.00 to $240.00 in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $203.00.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Ronald Greer Woodruff sold 331 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $225.57, for a total transaction of $74,663.67. Following the completion of the sale, the executive vice president directly owned 4,019 shares in the company, valued at approximately $906,565.83. This trade represents a 7.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bradley W. Hicks sold 4,028 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $225.13, for a total transaction of $906,823.64. Following the sale, the insider owned 30,395 shares of the company’s stock, valued at approximately $6,842,826.35. This represents a 11.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,316 shares of company stock valued at $6,727,749 over the last quarter. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $233.41 on Friday. The business has a 50 day moving average price of $211.37 and a two-hundred day moving average price of $176.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.87. The company has a market capitalization of $22.08 billion, a price-to-earnings ratio of 38.01, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $234.82.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.10 billion. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were issued a $0.45 dividend. The ex-dividend date was Friday, February 6th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio is currently 29.32%.

J.B. Hunt Transport Services Profile

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.