Nixon Peabody Trust Co. Purchases Shares of 59,752 J.B. Hunt Transport Services, Inc. $JBHT

Nixon Peabody Trust Co. purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 59,752 shares of the transportation company’s stock, valued at approximately $8,017,000.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA lifted its holdings in shares of J.B. Hunt Transport Services by 57.8% during the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after acquiring an additional 74 shares during the period. CYBER HORNET ETFs LLC bought a new position in J.B. Hunt Transport Services during the second quarter worth about $31,000. Assetmark Inc. boosted its holdings in J.B. Hunt Transport Services by 418.6% during the second quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 180 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at approximately $34,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the subject of a number of research reports. TD Cowen raised their price target on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the company a “hold” rating in a report on Thursday, October 16th. Evercore ISI lifted their price objective on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Sanford C. Bernstein set a $172.00 price objective on shares of J.B. Hunt Transport Services in a research report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft set a $227.00 price target on J.B. Hunt Transport Services in a research note on Thursday, December 11th. Finally, BMO Capital Markets increased their price objective on J.B. Hunt Transport Services from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.30.

J.B. Hunt Transport Services Trading Down 0.0%

NASDAQ JBHT opened at $198.28 on Monday. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $204.43. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $178.15 and a 200-day moving average of $155.71. The company has a market cap of $18.88 billion, a PE ratio of 34.36, a PEG ratio of 1.99 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.30. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. J.B. Hunt Transport Services’s revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $1.49 EPS. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio is 30.50%.

J.B. Hunt Transport Services declared that its board has approved a stock repurchase plan on Wednesday, October 22nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CFO Albert Brad Delco sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $179.54, for a total transaction of $179,540.00. Following the completion of the transaction, the chief financial officer directly owned 7,043 shares of the company’s stock, valued at $1,264,500.22. The trade was a 12.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO John Kuhlow sold 3,225 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $179.76, for a total transaction of $579,726.00. Following the completion of the transaction, the chief accounting officer directly owned 13,095 shares in the company, valued at $2,353,957.20. The trade was a 19.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 15,109 shares of company stock worth $2,688,970. 2.30% of the stock is currently owned by corporate insiders.

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.