Dynamic Technology Lab Private Ltd Cuts Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Dynamic Technology Lab Private Ltd lowered its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 76.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,996 shares of the transportation company's stock after selling 19,045 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in J.B. Hunt Transport Services were worth $1,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Studio Investment Management LLC increased its stake in J.B. Hunt Transport Services by 5.4% in the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company's stock worth $184,000 after buying an additional 55 shares during the period. Empirical Finance LLC increased its stake in J.B. Hunt Transport Services by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company's stock worth $492,000 after buying an additional 56 shares during the period. Farther Finance Advisors LLC increased its stake in J.B. Hunt Transport Services by 18.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company's stock worth $67,000 after buying an additional 60 shares during the period. Huntington National Bank increased its stake in J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company's stock worth $59,000 after buying an additional 61 shares during the period. Finally, Greenleaf Trust increased its stake in J.B. Hunt Transport Services by 4.0% in the 3rd quarter. Greenleaf Trust now owns 1,599 shares of the transportation company's stock worth $276,000 after buying an additional 62 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Performance

JBHT stock traded down $0.55 during trading on Thursday, reaching $190.31. The company had a trading volume of 501,269 shares, compared to its average volume of 868,496. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. 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 company has a market cap of $19.19 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 3.00 and a beta of 1.14. The firm has a 50-day simple moving average of $178.11 and a 200-day simple moving average of $169.27.

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 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the firm posted $1.80 EPS. As a group, sell-side 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 firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio is presently 31.27%.

Analysts Set New Price Targets

JBHT has been the topic of several recent research reports. Benchmark reiterated a "buy" rating and set a $185.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Stephens reiterated an "overweight" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Susquehanna increased their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. BMO Capital Markets reiterated an "outperform" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Citigroup increased their target price 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. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $190.11.

Insiders Place Their Bets

In other 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 shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares of the company's stock, valued at $786,550.50. The trade was a 35.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the transaction, the senior vice president now directly owns 8,235 shares of the company's stock, valued at approximately $1,563,579.45. This trade represents a 16.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,314 shares of company stock valued at $1,008,962. 2.10% of the stock is owned by 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.