Dynamic Technology Lab Private Ltd Lowers Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Dynamic Technology Lab Private Ltd lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 76.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,996 shares of the transportation company’s stock after selling 19,045 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in J.B. Hunt Transport Services were worth $1,033,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Catalyst Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services during the third quarter worth $26,000. Versant Capital Management Inc increased its stake in shares of J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after purchasing an additional 149 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter worth about $31,000. nVerses Capital LLC acquired a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in J.B. Hunt Transport Services in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of research analyst reports. Benchmark reissued a “buy” rating and set a $185.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Citigroup raised their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. The Goldman Sachs Group dropped their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI raised their price target on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Bank of America upped their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average target price of $190.11.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $190.31 on Thursday. The stock has a fifty day simple moving average of $177.69 and a 200-day simple moving average of $169.12. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock has a market cap of $19.19 billion, a PE ratio of 34.60, a P/E/G ratio of 3.00 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the firm posted $1.80 earnings per share. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 31.27%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now directly owns 8,235 shares in the company, valued at $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,314 shares of company stock worth $1,008,962 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.