Disciplined Investments LLC Raises Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Disciplined Investments LLC lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,006 shares of the transportation company’s stock after acquiring an additional 3,553 shares during the period. J.B. Hunt Transport Services makes up about 3.0% of Disciplined Investments LLC’s holdings, making the stock its 7th largest holding. Disciplined Investments LLC’s holdings in J.B. Hunt Transport Services were worth $6,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in JBHT. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services during the 3rd quarter worth approximately $26,000. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares in the last quarter. Innealta Capital LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth $31,000. nVerses Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at $36,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Up 2.1 %

JBHT opened at $192.13 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The business’s 50-day moving average price is $173.81 and its 200-day moving average price is $167.36. The company has a market cap of $19.37 billion, a P/E ratio of 34.93, a P/E/G ratio of 3.30 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period in the previous year, the firm earned $1.80 EPS. On average, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.90%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares in the company, valued at $2,321,275. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at $786,550.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,314 shares of company stock valued at $1,534,052 in the last quarter. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the topic of a number of research analyst reports. Barclays upped their target price on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Bank of America raised their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their price target on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stephens restated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Loop Capital lifted their price objective on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $187.56.

J.B. Hunt Transport Services Company 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.