Martingale Asset Management L P Trims Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Martingale Asset Management L P decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 70.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,836 shares of the transportation company's stock after selling 26,075 shares during the quarter. Martingale Asset Management L P's holdings in J.B. Hunt Transport Services were worth $1,867,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $26,000. Versant Capital Management Inc raised its stake in J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company's stock valued at $30,000 after purchasing an additional 149 shares during the last quarter. Innealta Capital LLC purchased a new position in J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $36,000. Hedge funds and other institutional investors own 74.95% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of 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. Bank of America boosted their target price on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Citigroup boosted their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $190.11.

J.B. Hunt Transport Services Stock Down 0.6 %

Shares of JBHT stock traded down $1.20 during trading on Friday, reaching $189.11. The company's stock had a trading volume of 457,521 shares, compared to its average volume of 924,120. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The stock's 50-day moving average price is $178.82 and its 200 day moving average price is $169.56. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of 34.38, a P/E/G ratio of 3.01 and a beta of 1.14. 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 issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $3.04 billion. During the same quarter in the previous year, the firm posted $1.80 earnings per share. On average, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.27%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the transaction, the executive vice president now owns 4,050 shares of the company's stock, valued at $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of the 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 sale, the senior vice president now directly owns 8,235 shares of the company's stock, valued at $1,563,579.45. The trade was a 16.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,314 shares of company stock worth $1,008,962 over the last 90 days. 2.10% of the stock is owned by insiders.

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.