Citigroup Inc. Reduces Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Citigroup Inc. trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,507 shares of the transportation company's stock after selling 6,264 shares during the period. Citigroup Inc. owned 0.07% of J.B. Hunt Transport Services worth $11,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock valued at $152,589,000 after purchasing an additional 193,684 shares during the period. Mizuho Securities USA LLC increased its holdings 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 buying an additional 149,815 shares during the period. AQR Capital Management LLC raised its position 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 worth $27,740,000 after buying an additional 128,283 shares during the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $19,755,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $16,887,000. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 approximately $786,550.50. This trade represents a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kevin Bracy sold 1,614 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the transaction, the senior vice president now directly owns 8,235 shares in the company, valued at $1,563,579.45. This trade represents a 16.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock valued at $1,008,962 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $1.20 during midday trading on Friday, reaching $189.11. The company had a trading volume of 457,521 shares, compared to its average volume of 866,720. 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, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a market capitalization of $19.07 billion, a P/E ratio of 34.60, a P/E/G ratio of 3.03 and a beta of 1.14. The firm's fifty day simple moving average is $178.42 and its 200-day simple moving average is $169.42.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the business posted $1.80 earnings per share. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.91%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.27%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stifel Nicolaus raised 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. Evercore ISI lifted their price objective on 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. TD Cowen upped their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Stephens reiterated an "overweight" rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Loop Capital upped their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.11.

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.