Edgestream Partners L.P. Sells 34,080 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Edgestream Partners L.P. decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 89.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,981 shares of the transportation company's stock after selling 34,080 shares during the quarter. Edgestream Partners L.P.'s holdings in J.B. Hunt Transport Services were worth $686,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services in the 3rd quarter worth about $26,000. Innealta Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $36,000. Finally, Cromwell Holdings LLC grew its position in J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company's stock worth $41,000 after buying an additional 76 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the business's stock in a transaction on 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 directly owns 4,050 shares in the company, valued at $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the firm's 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 transaction, the executive vice president now directly owns 12,650 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 5,314 shares of company stock valued at $1,008,962. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Trading Down 0.7 %

JBHT stock traded down $1.19 during mid-day trading on Friday, reaching $180.66. The company's stock had a trading volume of 267,626 shares, compared to its average volume of 858,289. 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 current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The business's 50 day moving average price is $179.89 and its 200 day moving average price is $170.05. The company has a market cap of $18.22 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.95 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data 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. The company 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. On average, equities research analysts predict 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 declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders 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 0.95%. J.B. Hunt Transport Services's payout ratio is currently 31.27%.

Analysts Set New Price Targets

A number of brokerages have issued reports on JBHT. BMO Capital Markets reiterated an "outperform" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Stephens restated an "overweight" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research 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. The Goldman Sachs Group decreased their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus boosted their price objective on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $190.11.

About J.B. Hunt Transport Services

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.