500 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Acquired by Morse Asset Management Inc

Morse Asset Management Inc acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 500 shares of the transportation company’s stock, valued at approximately $86,000.

A number of other institutional investors have also recently bought and sold shares of JBHT. Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $26,000. True Wealth Design LLC lifted its stake in J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after buying an additional 142 shares in the last quarter. Innealta Capital LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. nVerses Capital LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at approximately $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at approximately $36,000. Institutional investors own 74.95% of the company’s stock.

Insider Activity

In other news, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the sale, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,314 shares of company stock valued at $1,008,962. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $185.13 on Thursday. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The company has a market cap of $18.67 billion, a P/E ratio of 33.66, a P/E/G ratio of 3.01 and a beta of 1.15. The firm’s fifty day moving average price is $179.41 and its two-hundred day moving average price is $169.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94.

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

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.93%. J.B. Hunt Transport Services’s payout ratio is presently 31.27%.

Analyst Ratings Changes

A number of brokerages have weighed in on JBHT. Loop Capital lifted their price target on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Stephens reiterated an “overweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Stifel Nicolaus lifted their price objective on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Evercore ISI lifted their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.11.

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.