Victory Capital Management Inc. Trims Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Victory Capital Management Inc. decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,194,894 shares of the transportation company's stock after selling 144,901 shares during the period. Victory Capital Management Inc. owned about 2.18% of J.B. Hunt Transport Services worth $378,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of JBHT. Jacobs Levy Equity Management Inc. boosted its holdings in J.B. Hunt Transport Services by 2,722.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company's stock worth $108,600,000 after buying an additional 525,729 shares during the period. Dimensional Fund Advisors LP lifted its stake in J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock worth $152,589,000 after purchasing an additional 193,684 shares in the last quarter. AQR Capital Management LLC lifted its stake in J.B. Hunt Transport Services by 282.8% in the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company's stock worth $27,740,000 after purchasing an additional 128,283 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter worth $19,755,000. Finally, Renaissance Technologies LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter worth $16,887,000. Institutional investors own 74.95% of the company's stock.

Insiders Place Their Bets

In related news, SVP Kevin Bracy sold 1,614 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the transaction, the senior vice president now owns 8,235 shares of the company's stock, valued at $1,563,579.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Kevin Bracy sold 1,614 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now owns 8,235 shares in the company, valued at approximately $1,563,579.45. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the sale, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,314 shares of company stock valued at $1,534,052. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup boosted their price target on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a research note on Tuesday. TD Cowen upped their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Loop Capital upped 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 report on Thursday, October 17th. Barclays upped their target price on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Finally, Benchmark restated a "buy" rating and set a $185.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and an average target price of $189.00.

J.B. Hunt Transport Services Stock Down 2.4 %

NASDAQ:JBHT traded down $4.65 during midday trading on Tuesday, reaching $192.54. 1,348,323 shares of the stock traded hands, compared to its average volume of 865,683. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The business has a 50-day moving average of $174.29 and a two-hundred day moving average of $167.61. 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 has a market capitalization of $19.41 billion, a PE ratio of 35.75, 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 posted its quarterly 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 business had revenue of $3.07 billion during the quarter, compared to analysts' expectations 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 quarter last year, the company posted $1.80 earnings per share. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.43 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.89%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.27%.

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.