NewEdge Advisors LLC Has $550,000 Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

NewEdge Advisors LLC trimmed its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 49.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,595 shares of the transportation company’s stock after selling 2,564 shares during the quarter. NewEdge Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $550,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Keybank National Association OH lifted its holdings in shares of J.B. Hunt Transport Services by 2.7% during the first quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock worth $374,000 after purchasing an additional 46 shares during the period. Root Financial Partners LLC increased its stake in shares of J.B. Hunt Transport Services by 25.4% in the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock valued at $45,000 after buying an additional 47 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of J.B. Hunt Transport Services by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock valued at $1,827,000 after buying an additional 47 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after acquiring an additional 48 shares during the last quarter. Finally, Hartford Funds Management Co LLC raised its position in shares of J.B. Hunt Transport Services by 1.2% during the fourth quarter. Hartford Funds Management Co LLC now owns 4,189 shares of the transportation company’s stock worth $814,000 after acquiring an additional 49 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, insider Bradley W. Hicks sold 7,644 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $261.91, for a total value of $2,002,040.04. Following the transaction, the insider owned 23,982 shares in the company, valued at approximately $6,281,125.62. This represents a 24.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the sale, the executive vice president directly owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,847 shares of company stock worth $4,162,861 over the last three months. Insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Down 1.8%

J.B. Hunt Transport Services stock opened at $266.91 on Tuesday. The company has a market capitalization of $25.07 billion, a PE ratio of 37.81, a PEG ratio of 1.71 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $299.76. The firm’s fifty day moving average is $280.44 and its 200 day moving average is $244.73. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the company posted $1.31 earnings per share. The business’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be paid a $0.45 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.50%.

Analyst Upgrades and Downgrades

Several analysts recently commented on JBHT shares. The Goldman Sachs Group set a $261.00 target price on J.B. Hunt Transport Services in a report on Thursday, July 16th. Wall Street Zen upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. JPMorgan Chase & Co. boosted their price target on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Citizens Jmp started coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.