Cerity Partners LLC Increases Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Cerity Partners LLC increased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 123.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,486 shares of the transportation company's stock after buying an additional 8,017 shares during the quarter. Cerity Partners LLC's holdings in J.B. Hunt Transport Services were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of JBHT. Catalyst Capital Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services in the third quarter valued at about $26,000. Versant Capital Management Inc increased its position in J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company's stock valued at $30,000 after buying an additional 149 shares in the last quarter. Innealta Capital LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $31,000. nVerses Capital LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Activity

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,563,579.45. This trade represents a 16.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services 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 owns 4,050 shares of the company's stock, valued at $786,550.50. The trade was a 35.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,314 shares of company stock worth $1,008,962. 2.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JBHT. Barclays upped their target price on shares of 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. Stephens reiterated an "overweight" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. TD Cowen boosted their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Bank of America increased their price objective on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus boosted their target price on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average price target of $190.11.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock traded up $0.13 during trading hours on Monday, reaching $189.24. 470,083 shares of the company traded hands, compared to its average volume of 865,010. The firm has a 50-day moving average price of $178.82 and a 200 day moving average price of $169.58. The company has a market cap of $19.08 billion, a P/E ratio of 34.38, a P/E/G ratio of 3.01 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. 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 - Get Free Report) last released its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $3.04 billion. During the same quarter last year, the business posted $1.80 earnings per share. As a group, sell-side analysts predict 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 company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 0.91%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.27%.

J.B. Hunt Transport Services Company 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.