KBC Group NV Sells 1,275 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

KBC Group NV trimmed its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.5% during the third quarter, HoldingsChannel.com reports. The firm owned 15,769 shares of the transportation company’s stock after selling 1,275 shares during the quarter. KBC Group NV’s holdings in J.B. Hunt Transport Services were worth $2,718,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the 3rd quarter valued at $26,000. Versant Capital Management Inc grew its position in 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 buying an additional 149 shares in the last quarter. Innealta Capital LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $31,000. nVerses Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.9 %

NASDAQ:JBHT opened at $184.00 on Tuesday. The firm has a market capitalization of $18.55 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.90 and a beta of 1.14. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $175.84 and a 200 day moving average of $168.44. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $1.80 earnings per share. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.43 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.93%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Analysts Set New Price Targets

Several research firms recently weighed in on JBHT. Stifel Nicolaus upped their price objective 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. The Goldman Sachs Group decreased their price target 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. Benchmark reaffirmed a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. TD Cowen upped 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 research report on Wednesday, October 16th. Finally, Barclays raised their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $190.11.

Insider Activity

In related news, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services 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 sale, the executive vice president now owns 4,050 shares in the company, valued at $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares of the company’s stock, valued at $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,314 shares of company stock valued at $1,534,052. Company insiders own 2.10% of the company’s stock.

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.