Citigroup Inc. Reduces Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Citigroup Inc. reduced its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,507 shares of the transportation company’s stock after selling 6,264 shares during the quarter. Citigroup Inc.’s holdings in J.B. Hunt Transport Services were worth $11,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $26,000. Versant Capital Management Inc boosted its holdings in J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 149 shares during the period. Innealta Capital LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter worth $31,000. nVerses Capital LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at $36,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $190.31 on Friday. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The business’s fifty day simple moving average is $178.11 and its 200-day simple moving average is $169.27. 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 company has a market cap of $19.19 billion, a PE ratio of 34.60, a PEG ratio of 3.00 and a beta of 1.14.

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 (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period in the prior year, the company posted $1.80 EPS. 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 Dividend Announcement

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

Insider Buying and Selling

In other news, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the sale, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % 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 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JBHT shares. Stephens reiterated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. TD Cowen lifted their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Loop Capital increased 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 note on Thursday, October 17th. Benchmark reaffirmed a “buy” rating and set a $185.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Susquehanna increased 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 equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.11.

J.B. Hunt Transport Services Company 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.