Intech Investment Management LLC Sells 8,383 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Intech Investment Management LLC decreased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 50.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,144 shares of the transportation company's stock after selling 8,383 shares during the quarter. Intech Investment Management LLC's holdings in J.B. Hunt Transport Services were worth $1,403,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Empirical Finance LLC boosted its position in shares of 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 acquiring an additional 56 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in 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 worth $67,000 after purchasing an additional 60 shares during the period. Huntington National Bank boosted its holdings in J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company's stock valued at $59,000 after purchasing an additional 61 shares in the last quarter. Greenleaf Trust grew its stake in shares of 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 valued at $276,000 after purchasing an additional 62 shares during the period. Finally, Studio Investment Management LLC raised its holdings in shares of J.B. Hunt Transport Services by 6.6% in the 2nd quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company's stock worth $162,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. This trade represents a 35.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 12,650 shares of the company's stock, valued at $2,321,275. This trade represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,314 shares of company stock valued at $1,008,962. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $190.86 on Wednesday. The company has a market cap of $19.24 billion, a PE ratio of 34.70, a PEG ratio of 3.00 and a beta of 1.14. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The company's 50-day moving average is $177.23 and its two-hundred day moving average is $168.98.

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 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 business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm posted $1.80 earnings per share. Equities analysts anticipate 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.43 per share. The ex-dividend date was 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%.

Analyst Ratings Changes

Several analysts recently commented on JBHT shares. Barclays boosted their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Loop Capital boosted their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. Bank of America increased 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 research report on Wednesday, October 16th. Susquehanna lifted their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Finally, Benchmark reaffirmed a "buy" rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.