Cetera Investment Advisers Has $1.45 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Cetera Investment Advisers reduced its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 48.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,480 shares of the transportation company's stock after selling 7,912 shares during the period. Cetera Investment Advisers' holdings in J.B. Hunt Transport Services were worth $1,447,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. National Pension Service purchased a new position in J.B. Hunt Transport Services during the fourth quarter worth approximately $30,000. BankPlus Trust Department purchased a new stake in J.B. Hunt Transport Services during the fourth quarter valued at about $34,000. EverSource Wealth Advisors LLC increased its stake in J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after acquiring an additional 134 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares during the period. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 140.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock worth $62,000 after purchasing an additional 212 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on JBHT shares. Sanford C. Bernstein set a $148.00 price target on shares of J.B. Hunt Transport Services and gave the company a "market perform" rating in a research report on Wednesday, April 16th. Raymond James reduced their target price on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Bank of America boosted their price objective on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Stephens decreased their target price on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft began coverage on J.B. Hunt Transport Services in a research note on Friday, March 7th. They set a "hold" rating and a $167.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Nicholas Hobbs bought 1,529 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the acquisition, the chief operating officer now owns 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 disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT traded up $2.27 during trading on Tuesday, reaching $139.69. The company had a trading volume of 60,548 shares, compared to its average volume of 1,183,956. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The firm has a market capitalization of $13.86 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The firm's fifty day moving average is $138.48 and its 200 day moving average is $160.81.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.02. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.26%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

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.