Nicolet Advisory Services LLC Invests $214,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Nicolet Advisory Services LLC bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,227 shares of the transportation company’s stock, valued at approximately $214,000.

Several other hedge funds also recently modified their holdings of JBHT. Arvest Bank Trust Division acquired a new position in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $1,578,000. Smartleaf Asset Management LLC increased its position in J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 86 shares during the period. State Street Corp raised its stake in shares of J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after acquiring an additional 19,826 shares during the last quarter. Abound Wealth Management lifted its holdings in shares of J.B. Hunt Transport Services by 145,850.0% during the fourth quarter. Abound Wealth Management now owns 2,919 shares of the transportation company’s stock worth $498,000 after purchasing an additional 2,917 shares during the period. Finally, Keybank National Association OH acquired a new position in shares of J.B. Hunt Transport Services during the fourth quarter worth $255,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JBHT. UBS Group decreased their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Bank of America decreased their target price on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Wells Fargo & Company reduced their price objective on shares of J.B. Hunt Transport Services from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, TD Cowen dropped their target price on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.55.

J.B. Hunt Transport Services Trading Down 1.2 %

JBHT stock opened at $134.66 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market capitalization of $13.47 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. The company’s 50 day moving average price is $159.46 and its two-hundred day moving average price is $171.23. J.B. Hunt Transport Services, Inc. has a one year low of $127.35 and a one year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 1.31%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.65%.

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

In other news, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the transaction, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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.