J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Entropy Technologies LP

Entropy Technologies LP cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 41.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,598 shares of the transportation company's stock after selling 6,933 shares during the quarter. Entropy Technologies LP's holdings in J.B. Hunt Transport Services were worth $1,654,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Forsta AP Fonden boosted its stake in J.B. Hunt Transport Services by 28.2% in the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company's stock worth $2,740,000 after purchasing an additional 3,500 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in shares of J.B. Hunt Transport Services by 24.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company's stock valued at $5,838,000 after purchasing an additional 5,767 shares during the last quarter. Vanguard Group Inc. grew its position in shares of J.B. Hunt Transport Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company's stock valued at $1,946,628,000 after purchasing an additional 25,109 shares in the last quarter. CWM LLC increased its holdings in shares of J.B. Hunt Transport Services by 119.5% in the third 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 last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $690,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Darren P. Field sold 1,500 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the sale, the executive vice president now directly owns 12,650 shares of the company's stock, valued at $2,321,275. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the firm's stock in a transaction 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 directly owns 4,050 shares of the company's stock, valued at approximately $786,550.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,314 shares of company stock valued at $1,534,052. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on JBHT shares. Citigroup lifted their price objective 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. Bank of America boosted their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Stephens reaffirmed an "overweight" rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Evercore ISI upped 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 report on Wednesday, October 16th. Finally, The Goldman Sachs Group cut their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $190.11.

J.B. Hunt Transport Services Stock Down 1.8 %

Shares of JBHT stock traded down $3.55 on Wednesday, hitting $188.99. The stock had a trading volume of 1,116,087 shares, compared to its average volume of 867,025. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The business has a 50 day moving average price of $174.68 and a 200 day moving average price of $167.83. The company has a market cap of $19.06 billion, a PE ratio of 34.20, a P/E/G ratio of 3.29 and a beta of 1.14. 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 (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion during 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 EPS. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

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.