Ethos Financial Group LLC Takes Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Ethos Financial Group LLC bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,595 shares of the transportation company’s stock, valued at approximately $319,000.

A number of other institutional investors have also recently bought and sold shares of JBHT. VisionPoint Advisory Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after acquiring an additional 87 shares during the period. Operose Advisors LLC acquired a new position in J.B. Hunt Transport Services in the third quarter worth about $34,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in J.B. Hunt Transport Services during the third quarter worth about $36,000. Cary Street Partners Investment Advisory LLC boosted its holdings in J.B. Hunt Transport Services by 505.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 258 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of J.B. Hunt Transport Services by 26.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 1.3 %

NASDAQ:JBHT traded up $2.26 on Thursday, hitting $170.01. 944,165 shares of the stock were exchanged, compared to its average volume of 844,780. The stock has a market capitalization of $17.54 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 2.23 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 52 week low of $160.07 and a 52 week high of $219.51. The company’s 50-day moving average price is $185.33 and its 200 day moving average price is $190.63.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.61 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.01%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insider Activity at J.B. Hunt Transport Services

In related news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares in the company, valued at approximately $9,021,243.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now owns 42,411 shares in the company, valued at approximately $9,021,243.81. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO John Kuhlow sold 3,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the transaction, the chief financial officer now owns 10,537 shares in the company, valued at $2,244,381. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,454 shares of company stock worth $3,283,219. 2.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JBHT has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Bank of America lowered their target price on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Benchmark reissued a “buy” rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Raymond James upped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Finally, Robert W. Baird reduced their target price on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.24.

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.