AE Wealth Management LLC Raises Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

AE Wealth Management LLC lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,022 shares of the transportation company's stock after buying an additional 3,125 shares during the period. AE Wealth Management LLC owned approximately 0.12% of J.B. Hunt Transport Services worth $17,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Allworth Financial LP lifted its holdings in shares of J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after acquiring an additional 147 shares during the period. TD Private Client Wealth LLC lifted its stake in J.B. Hunt Transport Services by 49.3% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after purchasing an additional 109 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $107,000. Bessemer Group Inc. increased its stake in shares of J.B. Hunt Transport Services by 22.4% in the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock valued at $97,000 after purchasing an additional 120 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock worth $108,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Down 0.1%

JBHT traded down $0.11 during trading on Thursday, reaching $149.73. 1,188,649 shares of the stock traded hands, compared to its average volume of 1,057,303. The stock's 50-day moving average is $144.80 and its 200 day moving average is $150.70. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The company has a quick ratio of 0.89, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $14.85 billion, a PE ratio of 27.22, a P/E/G ratio of 2.30 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.32 earnings per share. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, August 8th. J.B. Hunt Transport Services's payout ratio is currently 32.00%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the transaction, the executive vice president owned 946 shares in the company, valued at approximately $143,763.62. This represents a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JBHT. Stifel Nicolaus lowered their target price on J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating for the company in a research note on Wednesday, July 16th. The Goldman Sachs Group set a $164.00 target price on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Baird R W upgraded shares of J.B. Hunt Transport Services to a "strong-buy" rating in a report on Tuesday, July 1st. TD Cowen dropped their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Finally, Barclays boosted their price objective on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and a consensus target price of $164.90.

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.