Lido Advisors LLC Has $20.21 Million Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Lido Advisors LLC increased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,391 shares of the transportation company's stock after purchasing an additional 6,874 shares during the period. Lido Advisors LLC owned 0.12% of J.B. Hunt Transport Services worth $20,205,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. National Pension Service acquired a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at $30,000. BankPlus Trust Department bought a new stake in J.B. Hunt Transport Services during the fourth quarter worth approximately $34,000. Versant Capital Management Inc boosted its stake in J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock valued at $48,000 after purchasing an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after buying an additional 134 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after acquiring an additional 86 shares during the period. 74.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on JBHT shares. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Stephens decreased their price target on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Evercore ISI cut their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Citigroup decreased their target price on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays decreased their price target on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.20.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 1,200 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the purchase, the chief operating officer now directly owns 91,847 shares in the company, valued at $12,008,995.25. The trade was a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Trading Up 2.9 %

Shares of JBHT stock traded up $3.77 on Friday, reaching $133.57. 1,401,876 shares of the stock were exchanged, compared to its average volume of 957,503. The stock has a 50 day moving average price of $143.78 and a 200 day moving average price of $165.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The stock has a market cap of $13.25 billion, a PE ratio of 24.02, a P/E/G ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a $0.44 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. J.B. Hunt Transport Services's dividend payout ratio is currently 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.