J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by American Trust

American Trust cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 19.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,769 shares of the transportation company's stock after selling 3,308 shares during the quarter. American Trust's holdings in J.B. Hunt Transport Services were worth $2,373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JBHT. Dimensional Fund Advisors LP increased its holdings in shares of J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock worth $152,589,000 after purchasing an additional 193,684 shares in the last quarter. Paloma Partners Management Co boosted its holdings in J.B. Hunt Transport Services by 14,254.9% in the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company's stock worth $32,035,000 after purchasing an additional 184,601 shares during the last quarter. Mizuho Securities USA LLC grew its position in J.B. Hunt Transport Services by 2,384.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company's stock worth $25,297,000 after purchasing an additional 149,815 shares during the period. AQR Capital Management LLC lifted its holdings in shares of 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 buying an additional 128,283 shares during the period. Finally, Legacy Capital Wealth Partners LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth $19,755,000. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Down 0.8 %

JBHT traded down $1.36 during trading on Friday, hitting $179.79. 537,952 shares of the stock were exchanged, compared to its average volume of 856,116. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50 day simple moving average of $181.08 and a 200 day simple moving average of $170.83. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 2.90 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same quarter in the previous year, the business posted $1.80 EPS. As a group, equities 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 company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.96%. 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 the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction 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. The trade was a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 sale, 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. Insiders sold a total of 11,459 shares of company stock worth $2,136,277 in the last 90 days. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

JBHT has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Susquehanna upped 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. Citigroup lifted their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Stephens reiterated an "overweight" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Evercore ISI raised their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.