Lido Advisors LLC Has $20.51 Million Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Lido Advisors LLC boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 8.2% in the third quarter, HoldingsChannel reports. The firm owned 152,833 shares of the transportation company’s stock after acquiring an additional 11,608 shares during the period. Lido Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $20,506,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $25,000. Cromwell Holdings LLC boosted its stake in J.B. Hunt Transport Services by 52.2% during the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock worth $28,000 after acquiring an additional 71 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after acquiring an additional 66 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in J.B. Hunt Transport Services by 52.8% during the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 76 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. Institutional investors own 74.95% of the company’s stock.

Insider Activity

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs sold 3,038 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $201.97, for a total value of $613,584.86. Following the sale, the chief operating officer owned 90,318 shares of the company’s stock, valued at $18,241,526.46. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bradley W. Hicks sold 4,028 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total value of $906,823.64. Following the completion of the sale, the insider owned 30,395 shares in the company, valued at approximately $6,842,826.35. This trade represents a 11.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 25,945 shares of company stock worth $5,656,495. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $202.73 on Tuesday. The firm has a market cap of $19.18 billion, a P/E ratio of 33.02, a PEG ratio of 1.63 and a beta of 1.23. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $236.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.83. The firm’s 50 day moving average price is $215.63 and its two-hundred day moving average price is $182.46.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm earned $1.53 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were issued a dividend of $0.45 per share. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. J.B. Hunt Transport Services’s dividend payout ratio is currently 29.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JBHT shares. Deutsche Bank Aktiengesellschaft set a $227.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday, December 11th. Morgan Stanley upped their price objective on shares of J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. Truist Financial raised their price objective on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Sanford C. Bernstein lifted their target price on J.B. Hunt Transport Services from $158.00 to $195.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Finally, Vertical Research cut J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 target price for the company. in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.00.

J.B. Hunt Transport Services Company 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.