Abound Wealth Management Has $498,000 Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Abound Wealth Management grew its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 145,850.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,919 shares of the transportation company’s stock after purchasing an additional 2,917 shares during the period. Abound Wealth Management’s holdings in J.B. Hunt Transport Services were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after purchasing an additional 193,684 shares during the last quarter. Paloma Partners Management Co raised its holdings in J.B. Hunt Transport Services by 14,254.9% in the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock valued at $32,035,000 after buying an additional 184,601 shares during the last quarter. Mizuho Securities USA LLC boosted its position in J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock worth $25,297,000 after buying an additional 149,815 shares during the period. AQR Capital Management LLC grew its holdings in J.B. Hunt Transport Services by 282.8% during the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after acquiring an additional 128,283 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $16,887,000. 74.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JBHT. Bank of America boosted their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Barclays upped their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Benchmark restated a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday. Citigroup upped their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Raymond James increased their target price on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.11.

J.B. Hunt Transport Services Stock Up 3.2 %

Shares of JBHT stock traded up $5.53 during trading hours on Monday, reaching $179.82. The company had a trading volume of 466,432 shares, compared to its average volume of 583,690. The company has a market cap of $18.13 billion, a price-to-earnings ratio of 32.69, a price-to-earnings-growth ratio of 2.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The business has a fifty day simple moving average of $180.77 and a 200-day simple moving average of $173.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the business earned $1.80 EPS. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 31.27%.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now directly owns 700 shares in the company, valued at approximately $127,904. This represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,459 shares of company stock worth $2,136,277. 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.