Amalgamated Bank Has $2.75 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Amalgamated Bank reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 29.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,954 shares of the transportation company's stock after selling 6,555 shares during the period. Amalgamated Bank's holdings in J.B. Hunt Transport Services were worth $2,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at about $26,000. Versant Capital Management Inc grew 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 in the last quarter. Innealta Capital LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $31,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $36,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Darren P. Field sold 3,000 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares of the company's stock, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Darren P. Field sold 3,000 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at approximately $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 the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,314 shares of company stock valued at $1,534,052. 2.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on JBHT. Evercore ISI raised their price target on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Stephens reiterated an "overweight" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Bank of America boosted their price objective 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. The Goldman Sachs Group decreased their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Finally, Stifel Nicolaus boosted their price target 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. Seven 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $187.56.

J.B. Hunt Transport Services Stock Up 2.6 %

NASDAQ:JBHT traded up $5.06 on Monday, hitting $197.19. 1,165,815 shares of the company's stock were exchanged, compared to its average volume of 863,670. The firm has a 50-day moving average price of $174.29 and a 200-day moving average price of $167.61. 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, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The company has a market cap of $19.88 billion, a P/E ratio of 35.85, a price-to-earnings-growth ratio of 3.28 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.04 billion. During the same period in the previous year, the firm posted $1.80 EPS. As a group, analysts expect 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 firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.87%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 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.