Quantbot Technologies LP Has $3.36 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Quantbot Technologies LP decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 46.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,510 shares of the transportation company's stock after selling 16,812 shares during the period. Quantbot Technologies LP's holdings in J.B. Hunt Transport Services were worth $3,362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in JBHT. Catalyst Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $26,000. Versant Capital Management Inc grew its holdings in shares of 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 valued at $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 2nd quarter worth about $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter valued at about $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth approximately $36,000. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 1,500 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kevin Bracy sold 1,614 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the transaction, 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 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 owned by company insiders.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded down $0.55 during midday trading on Thursday, hitting $190.31. The company's stock had a trading volume of 501,269 shares, compared to its average volume of 868,496. 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's 50 day simple moving average is $178.11 and its 200 day simple moving average is $169.27. The stock has a market capitalization of $19.19 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 3.00 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. The firm 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 return on equity of 13.92% and a net margin of 4.65%. During the same quarter in the prior year, the company earned $1.80 EPS. As a group, research 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. Stockholders of record on Friday, November 8th were paid a $0.43 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.90%. J.B. Hunt Transport Services's payout ratio is 31.27%.

Analyst Ratings Changes

A number of brokerages recently commented on JBHT. Stifel Nicolaus boosted their price objective on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Evercore ISI increased their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Stephens restated 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. TD Cowen raised their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Finally, 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. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $190.11.

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.