Lido Advisors LLC Has $20.51 Million Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Lido Advisors LLC lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 152,833 shares of the transportation company’s stock after purchasing an additional 11,608 shares during the quarter. Lido Advisors LLC owned 0.16% of J.B. Hunt Transport Services worth $20,506,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC increased its holdings in shares of J.B. Hunt Transport Services by 232.0% during the third quarter. Lighthouse Investment Partners LLC now owns 17,648 shares of the transportation company’s stock worth $2,368,000 after buying an additional 12,332 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in shares of J.B. Hunt Transport Services by 419.2% in the 3rd quarter. Gotham Asset Management LLC now owns 154,248 shares of the transportation company’s stock worth $20,695,000 after acquiring an additional 124,542 shares in the last quarter. Focus Partners Wealth grew its position in J.B. Hunt Transport Services by 180.6% during the 3rd quarter. Focus Partners Wealth now owns 17,968 shares of the transportation company’s stock worth $2,411,000 after acquiring an additional 11,565 shares during the last quarter. Distillate Capital Partners LLC bought a new stake in J.B. Hunt Transport Services during the 3rd quarter worth approximately $14,890,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in J.B. Hunt Transport Services by 34.4% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,239 shares of the transportation company’s stock valued at $300,000 after purchasing an additional 573 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on JBHT. Benchmark boosted their price objective on J.B. Hunt Transport Services from $212.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and lifted their price target for the company from $160.00 to $240.00 in a report on Thursday, January 8th. BMO Capital Markets reiterated an “outperform” rating and set a $245.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, February 19th. Evercore set a $222.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 16th. Finally, Stifel Nicolaus set a $201.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $203.00.

Insider Activity at J.B. Hunt Transport Services

In other news, insider Bradley W. Hicks sold 4,028 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total value of $906,823.64. Following the transaction, the insider owned 30,395 shares of the company’s stock, valued at approximately $6,842,826.35. This trade represents a 11.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren P. Field sold 9,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $219.76, for a total transaction of $1,977,840.00. Following the sale, the executive vice president owned 10,736 shares of the company’s stock, valued at approximately $2,359,343.36. This represents a 45.60% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 25,945 shares of company stock worth $5,656,495. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Stock Up 1.2%

NASDAQ JBHT opened at $202.73 on Tuesday. The stock has a market capitalization of $19.18 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $236.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.83. The stock has a fifty day moving average of $215.63 and a 200-day moving average of $182.46.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.53 earnings per share. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, February 6th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. J.B. Hunt Transport Services’s dividend payout ratio is currently 29.32%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.