Intech Investment Management LLC Sells 8,383 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Intech Investment Management LLC cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 50.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,144 shares of the transportation company’s stock after selling 8,383 shares during the period. Intech Investment Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,403,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after buying an additional 193,684 shares during the period. Mizuho Securities USA LLC lifted its stake in shares of J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock worth $25,297,000 after acquiring an additional 149,815 shares during the last quarter. AQR Capital Management LLC boosted its holdings in J.B. Hunt Transport Services by 282.8% during the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock valued at $27,740,000 after acquiring an additional 128,283 shares during the period. Legacy Capital Wealth Partners LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at $19,755,000. Finally, Renaissance Technologies LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter worth $16,887,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Trading Up 1.3 %

NASDAQ JBHT opened at $190.86 on Wednesday. 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 50 day moving average price of $177.23 and a 200 day moving average price of $168.98. 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 firm has a market cap of $19.24 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 2.91 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate 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 firm posted $1.80 earnings per share. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JBHT shares. Citigroup boosted their target price on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Stephens restated an “overweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Loop Capital lifted their price target on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.11.

Insider Transactions at J.B. Hunt Transport Services

In other 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 transaction of $427,262.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the sale, the executive vice president now directly owns 12,650 shares in the company, 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 90 days, insiders have sold 5,314 shares of company stock worth $1,008,962. 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.