FORA Capital LLC Sells 5,957 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

FORA Capital LLC reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 55.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,807 shares of the transportation company's stock after selling 5,957 shares during the quarter. FORA Capital LLC's holdings in J.B. Hunt Transport Services were worth $828,000 as of its most recent SEC filing.

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

J.B. Hunt Transport Services Stock Down 0.6 %

Shares of J.B. Hunt Transport Services stock traded down $1.20 during trading hours on Friday, hitting $189.11. The company had a trading volume of 457,521 shares, compared to its average volume of 866,720. 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. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company's 50-day moving average is $178.42 and its two-hundred day moving average is $169.42. 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 (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.04 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. 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 business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.43 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.91%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.27%.

Insider Activity at J.B. Hunt Transport Services

In other news, SVP Kevin Bracy sold 1,614 shares of the firm's 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 completion of the sale, the senior vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares of the company's stock, valued at $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 have sold a total of 5,314 shares of company stock valued at $1,008,962 over the last quarter. Insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JBHT. TD Cowen boosted their price target on shares of 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. Susquehanna increased their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Stifel Nicolaus lifted 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 note 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 research report on Wednesday, October 16th. Finally, Loop Capital boosted their price target on shares of 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 equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $190.11.

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.