Whalen Wealth Management Inc. Acquires Shares of 1,700 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Whalen Wealth Management Inc. bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 3rd quarter, Holdings Channel reports. The fund bought 1,700 shares of the transportation company’s stock, valued at approximately $293,000.

A number of other hedge funds also recently bought and sold shares of the business. Janney Montgomery Scott LLC purchased a new position in shares of J.B. Hunt Transport Services during the first quarter valued at approximately $208,000. Empowered Funds LLC bought a new position in J.B. Hunt Transport Services in the 1st quarter worth $242,000. Vanguard Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock worth $1,946,628,000 after purchasing an additional 25,109 shares during the period. Seven Eight Capital LP bought a new stake in shares of J.B. Hunt Transport Services during the 1st quarter valued at about $562,000. Finally, UniSuper Management Pty Ltd increased its position in shares of J.B. Hunt Transport Services by 485.3% during the first quarter. UniSuper Management Pty Ltd now owns 5,595 shares of the transportation company’s stock valued at $1,115,000 after buying an additional 4,639 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 17.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,314 shares of company stock valued at $1,534,052. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

JBHT has been the subject of several research analyst reports. Stephens reaffirmed 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. TD Cowen lifted their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Loop Capital raised their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Citigroup upped their target price on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group decreased their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $190.11.

J.B. Hunt Transport Services Trading Up 0.9 %

J.B. Hunt Transport Services stock opened at $184.00 on Tuesday. 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 firm has a market capitalization of $18.55 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 2.90 and a beta of 1.14. The firm has a 50 day moving average of $175.84 and a 200 day moving average of $168.44.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the prior year, the company posted $1.80 earnings per share. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.93%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

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.