J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by National Bank of Canada FI

National Bank of Canada FI raised its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 86.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,237 shares of the transportation company's stock after buying an additional 20,005 shares during the quarter. National Bank of Canada FI's holdings in J.B. Hunt Transport Services were worth $7,451,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC grew its stake in J.B. Hunt Transport Services by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company's stock valued at $581,567,000 after acquiring an additional 22,563 shares in the last quarter. State Street Corp grew its position in shares of J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after purchasing an additional 19,826 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of J.B. Hunt Transport Services by 6.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company's stock valued at $269,611,000 after purchasing an additional 105,500 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in J.B. Hunt Transport Services by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company's stock worth $231,416,000 after buying an additional 5,179 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock worth $152,589,000 after buying an additional 193,684 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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

In related news, EVP Spencer Frazier sold 2,200 shares of the firm'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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now directly owns 700 shares in the company, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,459 shares of company stock valued at $2,136,277 in the last quarter. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JBHT shares. 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 for the company in a research note on Wednesday, October 9th. Barclays lifted their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Susquehanna raised their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Stifel Nicolaus upped their price objective on 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. Finally, TD Cowen increased their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.11.

J.B. Hunt Transport Services Trading Down 0.5 %

NASDAQ JBHT traded down $0.86 during trading on Thursday, hitting $181.15. The stock had a trading volume of 655,962 shares, compared to its average volume of 857,441. The company has a market capitalization of $18.27 billion, a PE ratio of 33.09, a PEG ratio of 2.88 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average price of $180.79 and a 200 day moving average price of $170.75.

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 analysts' consensus estimates of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates 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 prior year, the business earned $1.80 EPS. As a group, equities research analysts forecast 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 announced 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 annualized dividend and a yield of 0.95%. J.B. Hunt Transport Services's payout ratio is 31.27%.

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.