Edgestream Partners L.P. Makes New $1.30 Million Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Edgestream Partners L.P. bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,777 shares of the transportation company's stock, valued at approximately $1,299,000.

Other large investors also recently modified their holdings of the company. Allworth Financial LP increased its position in 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 valued at $35,000 after purchasing an additional 147 shares during the period. TD Private Client Wealth LLC increased its position in shares of J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock valued at $49,000 after purchasing an additional 109 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in J.B. Hunt Transport Services in the 4th quarter worth about $107,000. Bessemer Group Inc. increased its holdings in 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 worth $97,000 after acquiring an additional 120 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in 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 valued at $108,000 after buying an additional 85 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of recent research reports. Stephens dropped their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. TD Cowen lowered their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Susquehanna increased their target price on J.B. Hunt Transport Services from $155.00 to $157.00 and gave the company a "neutral" rating in a report on Wednesday. Stifel Nicolaus reduced their price target on J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating for the company in a research report on Wednesday. Finally, Benchmark restated a "buy" rating and issued a $175.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.90.

J.B. Hunt Transport Services Trading Down 2.5%

Shares of JBHT stock traded down $3.80 on Friday, reaching $148.89. 1,636,621 shares of the company's stock were exchanged, compared to its average volume of 997,412. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $14.77 billion, a PE ratio of 27.07, a P/E/G ratio of 2.31 and a beta of 1.29. The company's fifty day simple moving average is $144.65 and its 200 day simple moving average is $151.22.

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). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the firm earned $1.32 earnings per share. The company's revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.18%. J.B. Hunt Transport Services's payout ratio is 32.00%.

Insider Activity at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs purchased 1,529 shares of the company's stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the transaction, the chief operating officer directly owned 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by insiders.

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.