True Wealth Design LLC Purchases 142 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

True Wealth Design LLC lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2,028.6% in the third quarter, HoldingsChannel.com reports. The firm owned 149 shares of the transportation company’s stock after purchasing an additional 142 shares during the period. True Wealth Design LLC’s holdings in J.B. Hunt Transport Services were worth $26,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of JBHT. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of J.B. Hunt Transport Services by 6.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock worth $269,611,000 after buying an additional 105,500 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in J.B. Hunt Transport Services by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock worth $231,416,000 after acquiring an additional 5,179 shares during the period. Dimensional Fund Advisors LP boosted its holdings in J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Parnassus Investments LLC increased its position in J.B. Hunt Transport Services by 14.1% during the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock valued at $129,765,000 after purchasing an additional 93,213 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in J.B. Hunt Transport Services by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after purchasing an additional 12,040 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Kevin Bracy sold 1,614 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the sale, the senior vice president now owns 8,235 shares in the company, valued at approximately $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock valued at $1,008,962 over the last three months. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Susquehanna boosted 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 research report on Wednesday, October 16th. Loop Capital increased their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Barclays upped their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Evercore ISI raised their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group dropped their target price 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. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $190.11.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $189.24 on Tuesday. The stock’s 50 day simple moving average is $178.82 and its 200 day simple moving average is $169.58. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The stock has a market capitalization of $19.08 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 3.01 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. 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 company posted $1.80 earnings per share. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.43 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.91%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.27%.

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.