107,100 Shares in J.B. Hunt Transport Services, Inc. $JBHT Acquired by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 107,100 shares of the transportation company’s stock, valued at approximately $22,694,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC boosted its holdings in J.B. Hunt Transport Services by 25.4% during the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 47 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares in the last quarter. Hartford Funds Management Co LLC lifted its position in shares of J.B. Hunt Transport Services by 1.2% during the fourth quarter. Hartford Funds Management Co LLC now owns 4,189 shares of the transportation company’s stock worth $814,000 after purchasing an additional 49 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of J.B. Hunt Transport Services by 39.1% in the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 50 shares during the period. Finally, Huntington National Bank boosted its stake in shares of J.B. Hunt Transport Services by 6.7% in the fourth quarter. Huntington National Bank now owns 798 shares of the transportation company’s stock valued at $155,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $280.30 on Friday. The stock’s 50-day moving average is $263.32 and its two-hundred day moving average is $229.08. The firm has a market cap of $26.43 billion, a price-to-earnings ratio of 43.39, a PEG ratio of 2.09 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $293.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. Analysts predict that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is currently 27.86%.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the transaction, the executive vice president directly owned 8,696 shares of the company’s stock, valued at $2,213,045.04. The trade was a 31.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bradley W. Hicks sold 7,644 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the completion of the sale, the insider owned 23,982 shares of the company’s stock, valued at approximately $6,281,125.62. This trade represents a 24.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,119 shares of company stock valued at $4,736,095. 2.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JBHT shares. Raymond James Financial restated an “outperform” rating and issued a $240.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. TD Cowen increased their target price on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Barclays boosted their price target on shares of J.B. Hunt Transport Services from $235.00 to $270.00 and gave the stock an “equal weight” rating in a research note on Thursday. Wall Street Zen upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. Finally, Robert W. Baird lifted their target price on J.B. Hunt Transport Services from $275.00 to $290.00 and gave the company an “outperform” rating in a report on Wednesday, June 17th. One 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 stock. According to data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $239.87.

J.B. Hunt Transport Services Company 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.