Nelson Van Denburg & Campbell Wealth Management Group LLC Buys 500 Shares of J B Hunt Transport Services Inc (JBHT)

Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 17.1% in the first quarter, Holdings Channel reports. The fund owned 3,420 shares of the transportation company’s stock after purchasing an additional 500 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in J B Hunt Transport Services were worth $346,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBHT. Legal & General Group Plc lifted its stake in shares of J B Hunt Transport Services by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 445,961 shares of the transportation company’s stock valued at $53,043,000 after acquiring an additional 5,818 shares during the last quarter. Vanguard Group Inc raised its position in J B Hunt Transport Services by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 9,796,569 shares of the transportation company’s stock valued at $1,165,205,000 after purchasing an additional 94,410 shares during the last quarter. DNB Asset Management AS bought a new position in J B Hunt Transport Services during the 4th quarter valued at approximately $1,072,000. Assenagon Asset Management S.A. raised its position in J B Hunt Transport Services by 221.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 106,501 shares of the transportation company’s stock valued at $9,909,000 after purchasing an additional 73,395 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its position in J B Hunt Transport Services by 32.2% during the 4th quarter. IFM Investors Pty Ltd now owns 4,377 shares of the transportation company’s stock valued at $407,000 after purchasing an additional 1,065 shares during the last quarter. 70.73% of the stock is owned by institutional investors.

In other news, COO Alfred C. Harper sold 7,100 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $105.87, for a total value of $751,677.00. Following the completion of the transaction, the chief operating officer now owns 16,756 shares of the company’s stock, valued at approximately $1,773,957.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Charles George bought 5,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was purchased at an average cost of $94.52 per share, with a total value of $472,600.00. Following the transaction, the director now directly owns 43,369 shares in the company, valued at approximately $4,099,237.88. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by corporate insiders.

A number of research analysts have commented on the company. Stifel Nicolaus lowered their price target on J B Hunt Transport Services from $115.00 to $107.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. Zacks Investment Research raised J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Wednesday, January 23rd. Morgan Stanley lowered their price target on J B Hunt Transport Services from $105.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 16th. BidaskClub raised J B Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research report on Friday, March 29th. Finally, ValuEngine lowered J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $115.89.

Shares of NASDAQ:JBHT opened at $92.93 on Thursday. J B Hunt Transport Services Inc has a 52-week low of $88.38 and a 52-week high of $131.74. The company has a market capitalization of $10.41 billion, a PE ratio of 16.39, a PEG ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.44 and a quick ratio of 1.44.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.16). J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that J B Hunt Transport Services Inc will post 5.72 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, May 2nd. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.

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J B Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

Further Reading: Cost of Debt

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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