Peregrine Asset Advisers Inc. purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,577 shares of the transportation company’s stock, valued at approximately $3,952,000. J.B. Hunt Transport Services makes up about 2.1% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of JBHT. YorkBridge Wealth Partners LLC increased its holdings in J.B. Hunt Transport Services by 6.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock worth $102,000 after acquiring an additional 68 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in J.B. Hunt Transport Services by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock worth $122,000 after acquiring an additional 43 shares in the last quarter. Paradigm Asset Management Co. LLC increased its holdings in J.B. Hunt Transport Services by 3.1% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock worth $151,000 after acquiring an additional 50 shares in the last quarter. Creative Planning increased its holdings in J.B. Hunt Transport Services by 20.1% in the 2nd quarter. Creative Planning now owns 2,132 shares of the transportation company’s stock worth $195,000 after acquiring an additional 357 shares in the last quarter. Finally, Commerce Bank purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter worth $200,000. 71.22% of the stock is owned by institutional investors.

Shares of J.B. Hunt Transport Services, Inc. (JBHT) opened at $104.01 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.48. J.B. Hunt Transport Services, Inc. has a 1-year low of $83.35 and a 1-year high of $111.98. The stock has a market cap of $11,415.30, a PE ratio of 28.26, a P/E/G ratio of 2.13 and a beta of 1.05.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Friday, October 13th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company posted $0.97 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. research analysts expect that J.B. Hunt Transport Services, Inc. will post 3.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were given a $0.23 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.88%. J.B. Hunt Transport Services’s payout ratio is currently 24.47%.

A number of equities research analysts have recently issued reports on the stock. UBS AG raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and upped their target price for the stock from $115.00 to $126.00 in a report on Monday, October 23rd. Credit Suisse Group reaffirmed a “buy” rating and set a $114.00 target price (up previously from $100.00) on shares of J.B. Hunt Transport Services in a report on Thursday, October 12th. They noted that the move was a valuation call. Loop Capital reaffirmed a “buy” rating and set a $116.00 target price (up previously from $103.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, October 4th. Robert W. Baird reaffirmed a “hold” rating and set a $112.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, October 6th. Finally, Zacks Investment Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Tuesday, September 19th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $109.41.

In other J.B. Hunt Transport Services news, Director Earl Wayne Garrison sold 100,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $109.29, for a total value of $10,929,000.00. Following the transaction, the director now owns 2,050,000 shares of the company’s stock, valued at $224,044,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Terrence D. Matthews sold 2,694 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $101.00, for a total transaction of $272,094.00. Following the completion of the transaction, the executive vice president now directly owns 21,140 shares in the company, valued at approximately $2,135,140. The disclosure for this sale can be found here. Insiders sold 1,115,724 shares of company stock worth $110,561,881 in the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

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J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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