Tempus Wealth Planning LLC Buys 320 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Tempus Wealth Planning LLC raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,229 shares of the transportation company’s stock after buying an additional 320 shares during the period. Tempus Wealth Planning LLC’s holdings in J.B. Hunt Transport Services were worth $1,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in JBHT. Park Avenue Securities LLC raised its holdings in shares of J.B. Hunt Transport Services by 9.0% during the 1st quarter. Park Avenue Securities LLC now owns 3,007 shares of the transportation company’s stock valued at $599,000 after buying an additional 248 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of J.B. Hunt Transport Services by 4.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,324 shares of the transportation company’s stock valued at $662,000 after acquiring an additional 128 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in J.B. Hunt Transport Services during the 1st quarter valued at about $502,000. Hexagon Capital Partners LLC grew its position in J.B. Hunt Transport Services by 0.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 379,243 shares of the transportation company’s stock worth $75,564,000 after acquiring an additional 1,522 shares during the last quarter. Finally, Uncommon Cents Investing LLC grew its position in J.B. Hunt Transport Services by 3.0% during the 1st quarter. Uncommon Cents Investing LLC now owns 4,150 shares of the transportation company’s stock worth $827,000 after acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 1.1 %

JBHT opened at $175.62 on Wednesday. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $171.04 and a 200-day moving average price of $167.17. The stock has a market capitalization of $18.12 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the prior year, the firm earned $1.80 EPS. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.6 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is currently 27.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Morgan Stanley decreased their target price on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. The Goldman Sachs Group cut their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Citigroup initiated coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 9th. They issued a “buy” rating and a $201.00 target price for the company. Finally, Evercore ISI increased 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. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $187.56.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

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.