Ameritas Advisory Services LLC Makes New $368,000 Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Ameritas Advisory Services LLC purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,156 shares of the transportation company's stock, valued at approximately $368,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBHT. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services in the third quarter worth $26,000. True Wealth Design LLC boosted its stake in J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Cromwell Holdings LLC boosted its stake in J.B. Hunt Transport Services by 47.2% in the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company's stock worth $41,000 after purchasing an additional 76 shares in the last quarter. Versant Capital Management Inc grew its position in J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock valued at $48,000 after purchasing an additional 142 shares during the last quarter. Finally, Huntington National Bank increased its stake in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company's stock valued at $59,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JBHT. BMO Capital Markets reaffirmed an "outperform" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Citigroup lowered their price target on J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Bank of America lifted their price objective on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. UBS Group dropped their price target on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Finally, Susquehanna upgraded shares of J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 target price for the company in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $191.11.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the sale, the executive vice president now owns 700 shares of the company's stock, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,859 shares of company stock valued at $2,907,905 in the last ninety days. Corporate insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $0.34 during mid-day trading on Friday, hitting $169.94. The stock had a trading volume of 654,045 shares, compared to its average volume of 1,073,965. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm's 50 day moving average is $178.65 and its 200 day moving average is $174.25. The firm has a market capitalization of $17.14 billion, a P/E ratio of 30.51, a P/E/G ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.47 EPS. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share for the current fiscal year.

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.