Paloma Partners Management Co Grows Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Paloma Partners Management Co raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 14,254.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 185,896 shares of the transportation company's stock after buying an additional 184,601 shares during the period. J.B. Hunt Transport Services comprises approximately 0.9% of Paloma Partners Management Co's holdings, making the stock its 13th largest holding. Paloma Partners Management Co owned about 0.18% of J.B. Hunt Transport Services worth $32,035,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its holdings in J.B. Hunt Transport Services by 13.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,037 shares of the transportation company's stock worth $384,000 after acquiring an additional 245 shares in the last quarter. Cetera Investment Advisers lifted its holdings in J.B. Hunt Transport Services by 130.7% during the first quarter. Cetera Investment Advisers now owns 8,398 shares of the transportation company's stock worth $1,673,000 after acquiring an additional 4,758 shares in the last quarter. Cetera Advisors LLC bought a new position in J.B. Hunt Transport Services during the first quarter worth about $496,000. GAMMA Investing LLC lifted its holdings in J.B. Hunt Transport Services by 19.3% during the second quarter. GAMMA Investing LLC now owns 593 shares of the transportation company's stock worth $95,000 after acquiring an additional 96 shares in the last quarter. Finally, DNB Asset Management AS raised its stake in shares of J.B. Hunt Transport Services by 3.4% in the 2nd quarter. DNB Asset Management AS now owns 14,820 shares of the transportation company's stock valued at $2,371,000 after purchasing an additional 481 shares during the period. 74.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, 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 value of $275,250.00. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the sale, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock valued at $1,008,962 over the last quarter. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock traded down $1.20 during trading on Monday, hitting $189.11. The company had a trading volume of 457,521 shares, compared to its average volume of 866,719. 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 firm has a market capitalization of $19.07 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 3.01 and a beta of 1.14. The stock's 50-day moving average price is $178.82 and its 200 day moving average price is $169.58. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one 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 EPS for the quarter, beating the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate 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 business earned $1.80 earnings per share. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio is presently 31.27%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on JBHT. Susquehanna lifted 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. Loop Capital lifted their price target on 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. BMO Capital Markets reissued an "outperform" rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Citigroup lifted their price target on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Evercore ISI lifted their target price 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. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $190.11.

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.