Ethos Financial Group LLC Invests $319,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Ethos Financial Group LLC purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,595 shares of the transportation company’s stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBHT. VisionPoint Advisory Group LLC boosted its position in shares of J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after purchasing an additional 87 shares in the last quarter. Operose Advisors LLC purchased a new stake in J.B. Hunt Transport Services during the third quarter worth about $34,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services during the third quarter worth about $36,000. Exchange Traded Concepts LLC increased its holdings in J.B. Hunt Transport Services by 26.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after buying an additional 62 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of J.B. Hunt Transport Services by 505.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 258 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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

In other news, EVP Eric Mcgee sold 3,800 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.56, for a total value of $807,728.00. Following the transaction, the executive vice president now owns 464 shares of the company’s stock, valued at approximately $98,627.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the transaction, the senior vice president now owns 8,235 shares in the company, valued at approximately $1,744,090.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eric Mcgee sold 3,800 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.56, for a total transaction of $807,728.00. Following the sale, the executive vice president now owns 464 shares in the company, valued at approximately $98,627.84. The disclosure for this sale can be found here. Insiders have sold a total of 15,454 shares of company stock valued at $3,283,219 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JBHT. TD Cowen lowered their price target on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Stifel Nicolaus dropped their price target on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. BMO Capital Markets decreased their price objective on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Barclays dropped their target price on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Finally, Loop Capital reduced their price target on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $194.24.

J.B. Hunt Transport Services Trading Up 1.3 %

Shares of NASDAQ JBHT traded up $2.26 on Thursday, reaching $170.01. 944,165 shares of the company traded hands, compared to its average volume of 844,780. The stock has a market capitalization of $17.54 billion, a PE ratio of 26.99, a P/E/G ratio of 2.23 and a beta of 1.17. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $160.07 and a fifty-two week high of $219.51. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $185.33 and a 200 day moving average of $190.63.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.31). The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.12 billion. J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.61 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

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.