AE Wealth Management LLC Boosts Holdings in J.B. Hunt Transport Services, Inc. $JBHT

AE Wealth Management LLC increased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,829 shares of the transportation company’s stock after purchasing an additional 3,890 shares during the period. AE Wealth Management LLC’s holdings in J.B. Hunt Transport Services were worth $16,883,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its stake in shares of J.B. Hunt Transport Services by 41.5% in the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after buying an additional 66 shares in the last quarter. Cromwell Holdings LLC raised its holdings in J.B. Hunt Transport Services by 52.2% in the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock worth $28,000 after acquiring an additional 71 shares during the last quarter. Private Trust Co. NA raised its holdings in J.B. Hunt Transport Services by 57.8% in the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after acquiring an additional 74 shares during the last quarter. Farther Finance Advisors LLC lifted its position in J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 88 shares in the last quarter. Finally, Forsta AP Fonden boosted its stake in J.B. Hunt Transport Services by 0.7% during the 2nd quarter. Forsta AP Fonden now owns 14,600 shares of the transportation company’s stock valued at $2,097,000 after purchasing an additional 100 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JBHT shares. TD Cowen restated a “hold” rating on shares of J.B. Hunt Transport Services in a research note on Monday, January 12th. Wells Fargo & Company boosted their target price on J.B. Hunt Transport Services from $170.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Barclays upped their target price on shares of J.B. Hunt Transport Services from $150.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Truist Financial lifted their price target on shares of J.B. Hunt Transport Services from $155.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Finally, UBS Group boosted their price objective on shares of J.B. Hunt Transport Services from $174.00 to $196.00 and gave the company a “neutral” rating in a report on Friday, January 16th. One equities 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’s stock. According to data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $200.05.

Insider Buying and Selling

In related news, EVP Brian Webb sold 796 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $189.11, for a total transaction of $150,531.56. Following the transaction, the executive vice president owned 15,697 shares in the company, valued at approximately $2,968,459.67. The trade was a 4.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Nicholas Hobbs sold 3,038 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $201.97, for a total transaction of $613,584.86. Following the completion of the transaction, the chief operating officer directly owned 90,318 shares of the company’s stock, valued at $18,241,526.46. This represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,957 shares of company stock worth $3,315,491 in the last ninety days. Corporate insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.1%

Shares of J.B. Hunt Transport Services stock opened at $205.21 on Friday. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $212.00. The company’s fifty day simple moving average is $195.79 and its 200-day simple moving average is $165.15. 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 stock has a market capitalization of $19.54 billion, a PE ratio of 33.42, a P/E/G ratio of 1.67 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 15th. The transportation company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the firm earned $1.53 EPS. J.B. Hunt Transport Services’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 6th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $1.80 annualized dividend and a yield of 0.9%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. J.B. Hunt Transport Services’s payout ratio is currently 28.66%.

J.B. Hunt Transport Services announced that its board has initiated a stock repurchase program on Wednesday, October 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.