Coldstream Capital Management Inc. Takes $1.67 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Coldstream Capital Management Inc. bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,597 shares of the transportation company’s stock, valued at approximately $1,673,000.

Other hedge funds have also recently modified their holdings of the company. Ronald Blue Trust Inc. raised its position in shares of J.B. Hunt Transport Services by 67.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 169 shares of the transportation company’s stock worth $26,000 after purchasing an additional 68 shares during the last quarter. Private Trust Co. NA purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $32,000. Salem Investment Counselors Inc. raised its position in shares of J.B. Hunt Transport Services by 69.1% in the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after purchasing an additional 85 shares during the last quarter. Newfound Research LLC purchased a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $40,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $44,000. Institutional investors own 74.93% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Alfred C. Harper sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $190.33, for a total transaction of $1,008,749.00. Following the completion of the transaction, the executive vice president now directly owns 32,556 shares in the company, valued at approximately $6,196,383.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Trading Down 2.4 %

Shares of NASDAQ:JBHT opened at $167.50 on Friday. The stock has a 50 day moving average of $185.04 and a 200 day moving average of $177.18. The company has a market cap of $17.38 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.92 and a 12-month high of $216.75.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last announced its quarterly earnings data on Wednesday, January 18th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.53). The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.79 billion. J.B. Hunt Transport Services had a net margin of 6.54% and a return on equity of 28.20%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 earnings per share. As a group, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 9.27 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Friday, February 10th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, February 9th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.00%. J.B. Hunt Transport Services’s payout ratio is 18.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JBHT. Susquehanna lifted their price target on J.B. Hunt Transport Services from $168.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, January 19th. Credit Suisse Group boosted their target price on J.B. Hunt Transport Services from $194.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, January 19th. Raymond James boosted their target price on J.B. Hunt Transport Services from $195.00 to $203.00 and gave the stock an “outperform” rating in a research report on Thursday, January 19th. Citigroup boosted their target price on J.B. Hunt Transport Services from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, January 11th. Finally, Morgan Stanley boosted their target price on J.B. Hunt Transport Services from $178.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $194.82.

J.B. Hunt Transport Services Company Profile

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J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.