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

Tempus Wealth Planning LLC boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,229 shares of the transportation company’s stock after acquiring 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 large investors have also added to or reduced their stakes in JBHT. Versant Capital Management Inc lifted its stake 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 buying an additional 149 shares in the last quarter. Innealta Capital LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at about $31,000. nVerses Capital LLC purchased a new position in shares of J.B. Hunt Transport Services in the second quarter valued at about $32,000. Ashton Thomas Private Wealth LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $36,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter worth about $40,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $175.62 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $18.12 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The company’s 50-day moving average is $171.04 and its 200 day moving average is $167.17.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping 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 the consensus estimate of $3.04 billion. During the same period in the prior year, the business posted $1.80 earnings per share. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.6 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.98%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Benchmark restated a “buy” rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Evercore ISI upped their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Susquehanna lifted their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $187.56.

Insider Activity

In related news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction dated 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 owns 14,150 shares in the company, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

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.