Dai ichi Life Insurance Company Ltd Sells 5,000 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Dai ichi Life Insurance Company Ltd trimmed its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 78.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,355 shares of the transportation company's stock after selling 5,000 shares during the period. Dai ichi Life Insurance Company Ltd's holdings in J.B. Hunt Transport Services were worth $234,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JBHT. Forsta AP Fonden lifted its stake in J.B. Hunt Transport Services by 28.2% during the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company's stock valued at $2,740,000 after buying an additional 3,500 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in J.B. Hunt Transport Services by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company's stock worth $32,861,000 after purchasing an additional 3,910 shares during the period. CWM LLC boosted its stake in J.B. Hunt Transport Services by 119.5% in the 3rd quarter. CWM LLC now owns 7,858 shares of the transportation company's stock worth $1,354,000 after purchasing an additional 4,278 shares during the period. Charles Schwab Investment Management Inc. raised its stake in J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock valued at $95,419,000 after purchasing an additional 12,040 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $690,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed an "outperform" rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Evercore ISI upped their target price on shares of 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. Citigroup raised their price objective on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Loop Capital increased their price target 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. Finally, Benchmark reissued a "buy" rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $190.11.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $1.20 during trading hours on Friday, reaching $189.11. 457,521 shares of the stock were exchanged, compared to its average volume of 866,719. The stock has a 50 day moving average of $178.42 and a two-hundred day moving average of $169.42. The company has a market cap of $19.07 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 3.03 and a beta of 1.14. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.04 billion. During the same period last year, the firm posted $1.80 earnings per share. Equities analysts expect 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 business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.27%.

Insider Buying and Selling

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

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.