Bradley Foster & Sargent Inc. CT Has $1.47 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Bradley Foster & Sargent Inc. CT raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,637 shares of the transportation company’s stock after purchasing an additional 201 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in J.B. Hunt Transport Services were worth $1,474,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JBHT. Studio Investment Management LLC raised its holdings in J.B. Hunt Transport Services by 5.4% in the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock valued at $184,000 after buying an additional 55 shares during the last quarter. iA Global Asset Management Inc. raised its stake in shares of J.B. Hunt Transport Services by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock valued at $368,000 after acquiring an additional 55 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of J.B. Hunt Transport Services by 2.0% during the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock worth $492,000 after purchasing an additional 56 shares during the period. Farther Finance Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 18.3% in the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after purchasing an additional 60 shares during the last quarter. Finally, Huntington National Bank increased its holdings in J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the transaction, the chief executive officer now directly owns 82,264 shares in the company, valued at $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,545 shares of company stock worth $1,898,942 in the last quarter. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.5 %

JBHT stock opened at $167.71 on Friday. The stock’s 50 day simple moving average is $172.42 and its 200 day simple moving average is $174.78. The company has a market cap of $16.91 billion, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $214.39.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the company earned $1.47 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share 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 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.44 per share. The ex-dividend date was Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.05%. J.B. Hunt Transport Services’s payout ratio is presently 31.65%.

Analyst Upgrades and Downgrades

JBHT has been the topic of several recent research reports. Stifel Nicolaus cut their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th. UBS Group cut their price objective on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Barclays increased their target price on shares of 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. Stephens restated an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Finally, Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective for the company in a research report on Friday, January 3rd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.11.

About J.B. Hunt Transport Services

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.