Jacobson & Schmitt Advisors LLC Grows Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Jacobson & Schmitt Advisors LLC increased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 71,777 shares of the transportation company's stock after buying an additional 3,569 shares during the period. J.B. Hunt Transport Services comprises approximately 2.5% of Jacobson & Schmitt Advisors LLC's holdings, making the stock its 16th largest position. Jacobson & Schmitt Advisors LLC owned 0.07% of J.B. Hunt Transport Services worth $12,369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Versant Capital Management Inc lifted its holdings in shares of J.B. Hunt Transport Services by 382.1% in 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 purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $31,000. nVerses Capital LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $32,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $36,000. Finally, Cromwell Holdings LLC lifted its position in shares of J.B. Hunt Transport Services by 47.2% in the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company's stock worth $41,000 after buying an additional 76 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 3,000 shares of the business'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 completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Darren P. Field sold 3,000 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the transaction, the executive vice president now directly owns 14,150 shares of the company's stock, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darren P. Field sold 1,500 shares of the firm's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the sale, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Trading Up 0.2 %

JBHT stock traded up $0.34 during mid-day trading on Friday, reaching $180.96. The company had a trading volume of 771,538 shares, compared to its average volume of 858,702. The company has a market capitalization of $18.25 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 3.12 and a beta of 1.15. The firm has a 50 day moving average of $172.34 and a 200 day moving average of $166.73. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 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 1.21.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to analysts' expectations 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 firm earned $1.80 earnings per share. On average, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 5.68 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.27%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Benchmark reaffirmed a "buy" rating and issued a $185.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Morgan Stanley decreased their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Monday, July 8th. Stifel Nicolaus lifted their price objective on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Citigroup assumed coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, October 9th. They issued a "buy" rating and a $201.00 price target for the company. Finally, Evercore ISI boosted their price objective on 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. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $187.56.

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.