Prime Capital Investment Advisors LLC Buys New Position in J B Hunt Transport Services Inc (JBHT)

Prime Capital Investment Advisors LLC bought a new position in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,800 shares of the transportation company’s stock, valued at approximately $182,000.

Several other hedge funds have also recently modified their holdings of JBHT. CWM LLC lifted its position in J B Hunt Transport Services by 59.5% in the fourth quarter. CWM LLC now owns 276 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 103 shares during the last quarter. Parallel Advisors LLC lifted its position in J B Hunt Transport Services by 72.6% in the fourth quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 127 shares during the last quarter. Somerset Trust Co lifted its position in J B Hunt Transport Services by 169.1% in the first quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 186 shares during the last quarter. CSat Investment Advisory L.P. raised its holdings in shares of J B Hunt Transport Services by 116.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock valued at $31,000 after buying an additional 181 shares during the last quarter. Finally, Exane Asset Management purchased a new stake in shares of J B Hunt Transport Services in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 72.46% of the company’s stock.

NASDAQ JBHT opened at $100.28 on Wednesday. The stock has a market cap of $11.47 billion, a P/E ratio of 17.69, a PEG ratio of 1.44 and a beta of 1.13. 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 debt-to-equity ratio of 0.43, a current ratio of 1.11 and a quick ratio of 1.10.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly 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). The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.17 billion. J B Hunt Transport Services had a return on equity of 30.31% and a net margin of 5.61%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 earnings per share. As a group, sell-side analysts predict that J B Hunt Transport Services Inc will post 6.09 EPS for the current fiscal year.

In other J B Hunt Transport Services news, CFO David G. Mee sold 2,886 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $109.06, for a total transaction of $314,747.16. Following the transaction, the chief financial officer now directly owns 110,500 shares in the company, valued at $12,051,130. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Alfred C. Harper sold 7,100 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $105.87, for a total transaction of $751,677.00. Following the transaction, the chief operating officer now owns 16,756 shares in the company, valued at $1,773,957.72. The disclosure for this sale can be found here. Insiders have sold 12,986 shares of company stock valued at $1,402,544 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of J B Hunt Transport Services from $118.00 to $113.00 and set an “equal weight” rating for the company in a report on Monday, January 7th. Stifel Nicolaus reduced their target price on shares of J B Hunt Transport Services from $115.00 to $107.00 and set a “hold” rating for the company in a report on Tuesday. Zacks Investment Research raised shares of 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 report on Wednesday, January 23rd. BidaskClub raised shares of J B Hunt Transport Services from a “strong sell” rating to a “sell” rating in a report on Friday, March 29th. Finally, Cowen reissued a “market perform” rating and set a $122.00 price target (down from $129.00) on shares of J B Hunt Transport Services in a report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $119.14.

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J B Hunt Transport Services Company 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).

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