Wharton Business Group LLC Sells 19,310 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Wharton Business Group LLC reduced its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 67.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,117 shares of the transportation company's stock after selling 19,310 shares during the period. Wharton Business Group LLC's holdings in J.B. Hunt Transport Services were worth $1,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its position in shares of J.B. Hunt Transport Services by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 453,180 shares of the transportation company's stock valued at $78,096,000 after acquiring an additional 7,612 shares during the period. Comgest Global Investors S.A.S. boosted its holdings in shares of J.B. Hunt Transport Services by 3.3% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 216,448 shares of the transportation company's stock worth $37,300,000 after buying an additional 6,817 shares during the period. Mizuho Securities USA LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company's stock worth $25,297,000 after buying an additional 149,815 shares during the period. Empirical Finance LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company's stock worth $492,000 after buying an additional 56 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of J.B. Hunt Transport Services by 6.9% during the 3rd quarter. CIBC Asset Management Inc now owns 12,400 shares of the transportation company's stock worth $2,137,000 after buying an additional 795 shares during the period. Institutional investors own 74.95% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JBHT. Evercore ISI lifted their target price on shares of 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 reaffirmed an "overweight" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. TD Cowen boosted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Citigroup boosted their price objective on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Finally, Bank of America boosted their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a "buy" rating in a 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $190.11.

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

In other news, EVP Spencer Frazier sold 2,200 shares of the company's stock in a transaction 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 directly owns 4,050 shares of the company's stock, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. This represents a 17.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,314 shares of company stock worth $1,534,052. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Price Performance

JBHT stock traded up $1.65 during trading on Monday, reaching $184.00. 756,944 shares of the company were exchanged, compared to its average volume of 869,922. The company has a 50-day moving average of $175.60 and a two-hundred day moving average of $168.31. The company has a market capitalization of $18.55 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 2.90 and a beta of 1.14. 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 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 (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $3.04 billion. During the same period in the prior year, the company posted $1.80 EPS. As a group, equities analysts predict 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 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 $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 31.27%.

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.