Barclays PLC Has $40.70 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Barclays PLC grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 37.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 236,177 shares of the transportation company's stock after acquiring an additional 64,380 shares during the quarter. Barclays PLC owned about 0.23% of J.B. Hunt Transport Services worth $40,698,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services during the third quarter worth about $26,000. True Wealth Design LLC lifted its holdings in shares of J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock worth $26,000 after acquiring an additional 142 shares during the period. Innealta Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $31,000. nVerses Capital LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at approximately $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $36,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JBHT. Barclays raised their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Bank of America raised their price objective on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Citigroup boosted their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Stifel Nicolaus increased their target price 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, 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. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average target price of $190.11.

J.B. Hunt Transport Services Trading Down 0.8 %

Shares of NASDAQ JBHT traded down $1.36 during trading on Friday, reaching $179.79. The company had a trading volume of 537,952 shares, compared to its average volume of 856,116. The stock has a market cap of $18.13 billion, a P/E ratio of 32.94, a PEG ratio of 2.90 and a beta of 1.15. The company's fifty day moving average price is $181.08 and its 200-day moving average price is $170.83. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations 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 business posted $1.80 earnings per share. As a group, research analysts expect 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 company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.96%. J.B. Hunt Transport Services's payout ratio is 31.27%.

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

In related news, EVP Spencer Frazier sold 2,200 shares of the business's 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the firm'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 sale, the executive vice president now owns 12,650 shares of the company's stock, valued at $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,459 shares of company stock valued at $2,136,277. 2.10% of the stock is currently owned by insiders.

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.