J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 46.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,510 shares of the transportation company’s stock after selling 16,812 shares during the quarter. Quantbot Technologies LP’s holdings in J.B. Hunt Transport Services were worth $3,362,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of JBHT. Advisors Asset Management Inc. increased its holdings in shares of J.B. Hunt Transport Services by 11.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,454 shares of the transportation company’s stock valued at $290,000 after acquiring an additional 153 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of J.B. Hunt Transport Services by 13.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,037 shares of the transportation company’s stock worth $384,000 after purchasing an additional 245 shares during the period. Tidal Investments LLC lifted its holdings in shares of J.B. Hunt Transport Services by 65.6% in the 1st quarter. Tidal Investments LLC now owns 7,851 shares of the transportation company’s stock worth $1,563,000 after purchasing an additional 3,109 shares during the last quarter. Comerica Bank boosted its position in J.B. Hunt Transport Services by 4.0% during the 1st quarter. Comerica Bank now owns 45,088 shares of the transportation company’s stock valued at $8,984,000 after purchasing an additional 1,716 shares during the period. Finally, Wahed Invest LLC grew its stake in J.B. Hunt Transport Services by 13.7% during the 1st quarter. Wahed Invest LLC now owns 1,593 shares of the transportation company’s stock worth $317,000 after buying an additional 192 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at J.B. Hunt Transport Services

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Stifel Nicolaus upped their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Loop Capital boosted their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Stephens restated an “overweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Susquehanna boosted their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have given 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 $190.11.

J.B. Hunt Transport Services Stock Down 0.3 %

Shares of J.B. Hunt Transport Services stock opened at $190.31 on Thursday. The firm has a market cap of $19.19 billion, a price-to-earnings ratio of 34.60, a P/E/G ratio of 3.00 and a beta of 1.14. The stock has a 50-day simple moving average of $177.69 and a 200-day simple moving average of $169.12. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the business earned $1.80 EPS. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

J.B. Hunt Transport Services Profile

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.