Gulf International Bank UK Ltd Sells 14,698 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Gulf International Bank UK Ltd lessened its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 69.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,517 shares of the transportation company's stock after selling 14,698 shares during the period. Gulf International Bank UK Ltd's holdings in J.B. Hunt Transport Services were worth $1,123,000 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 business. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services during the third quarter worth about $26,000. Versant Capital Management Inc increased its position in J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company's stock worth $30,000 after buying an additional 149 shares during the period. Innealta Capital LLC purchased a new stake in 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. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Price Performance

JBHT stock traded up $4.04 during trading on Friday, hitting $192.13. The stock had a trading volume of 1,030,048 shares, compared to its average volume of 1,078,438. 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 stock has a market cap of $19.37 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 3.30 and a beta of 1.14. The company's 50 day moving average price is $173.81 and its two-hundred day moving average price is $167.36. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year 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 the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $1.80 EPS. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.90%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.27%.

Insider Activity

In related news, EVP Darren P. Field sold 3,000 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares of the company's stock, valued at $2,476,674.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Darren P. Field sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,314 shares of company stock worth $1,534,052. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on JBHT. Stephens reiterated an "overweight" rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Stifel Nicolaus upped their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Benchmark restated a "buy" rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $187.56.

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.