Arkansas Financial Group Inc. Has $776,000 Position in J.B. Hunt Transport Services, Inc. (JBHT)

Arkansas Financial Group Inc. Has $776,000 Position in J.B. Hunt Transport Services, Inc. (JBHT)

Arkansas Financial Group Inc. decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,565 shares of the company’s stock after selling 1,206 shares during the period. J.B. Hunt Transport Services accounts for 0.4% of Arkansas Financial Group Inc.’s holdings, making the stock its 14th largest position. Arkansas Financial Group Inc.’s holdings in J.B. Hunt Transport Services were worth $776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JBHT. MSI Financial Services Inc raised its position in J.B. Hunt Transport Services by 19.1% in the third quarter. MSI Financial Services Inc now owns 1,447 shares of the company’s stock worth $117,000 after buying an additional 232 shares during the period. Pacer Advisors Inc. raised its position in J.B. Hunt Transport Services by 16.9% in the second quarter. Pacer Advisors Inc. now owns 1,685 shares of the company’s stock worth $136,000 after buying an additional 243 shares during the period. Kernodle & Katon Asset Management Group LLC raised its position in J.B. Hunt Transport Services by 849.8% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 2,612 shares of the company’s stock worth $211,000 after buying an additional 2,337 shares during the period. Profund Advisors LLC bought a new position in J.B. Hunt Transport Services during the second quarter worth $212,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in J.B. Hunt Transport Services by 9.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,802 shares of the company’s stock worth $227,000 after buying an additional 243 shares during the period. 71.89% of the stock is owned by institutional investors.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) traded down 0.76% during trading on Friday, reaching $98.01. The company had a trading volume of 147,094 shares. J.B. Hunt Transport Services, Inc. has a 52 week low of $69.19 and a 52 week high of $102.38. The stock has a 50 day moving average price of $97.70 and a 200 day moving average price of $86.77. The firm has a market capitalization of $10.91 billion, a P/E ratio of 25.72 and a beta of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 19th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.73 billion. J.B. Hunt Transport Services had a return on equity of 30.96% and a net margin of 6.60%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 earnings per share. Analysts predict that J.B. Hunt Transport Services, Inc. will post $4.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Friday, February 10th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, February 8th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. J.B. Hunt Transport Services’s dividend payout ratio is presently 23.04%.

JBHT has been the subject of a number of research analyst reports. Zacks Investment Research lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Monday, October 3rd. Cowen and Company lifted their target price on J.B. Hunt Transport Services from $88.00 to $108.00 and gave the stock an “outperform” rating in a report on Friday, December 9th. Barclays PLC lowered J.B. Hunt Transport Services from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $90.00 to $97.00 in a report on Monday, January 9th. KeyCorp lifted their target price on J.B. Hunt Transport Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a report on Tuesday, November 29th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $85.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, October 21st. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $94.06.

In related news, insider John N. Roberts sold 15,000 shares of the company’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $101.57, for a total value of $1,523,550.00. Following the transaction, the insider now directly owns 240,010 shares of the company’s stock, valued at approximately $24,377,815.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman James K. Thompson sold 10,000 shares of the company’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $96.62, for a total value of $966,200.00. Following the completion of the transaction, the chairman now directly owns 50,346 shares in the company, valued at $4,864,430.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,000 shares of company stock worth $3,191,990. Insiders own 4.50% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to various customers and consumers throughout the continental United States, Canada and Mexico.

Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT).

Related posts

Leave a Comment