Covestor Ltd Sells 63 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Covestor Ltd lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 20.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 245 shares of the transportation company’s stock after selling 63 shares during the period. Covestor Ltd’s holdings in J.B. Hunt Transport Services were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in JBHT. Mach 1 Financial Group LLC grew its position in shares of J.B. Hunt Transport Services by 3.9% during the 3rd quarter. Mach 1 Financial Group LLC now owns 2,101 shares of the transportation company’s stock valued at $362,000 after acquiring an additional 78 shares during the period. Verdence Capital Advisors LLC grew its holdings in J.B. Hunt Transport Services by 5.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,045 shares of the transportation company’s stock worth $352,000 after acquiring an additional 107 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in J.B. Hunt Transport Services in the 3rd quarter worth $95,000. Principal Financial Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 98,725 shares of the transportation company’s stock valued at $17,013,000 after purchasing an additional 1,737 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in J.B. Hunt Transport Services during the 3rd quarter valued at about $26,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $182.35 on Friday. The firm’s 50 day simple moving average is $175.60 and its 200-day simple moving average is $168.23. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 3.23 and a beta of 1.14. 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 announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the company posted $1.80 EPS. Analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.94%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.27%.

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

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $427,262.00. Following the completion of the sale, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,314 shares of company stock valued at $1,534,052 in the last three months. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. TD Cowen lifted their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Evercore ISI upped their price target on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus upped their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Finally, Benchmark reiterated 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. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.11.

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.