US Bancorp DE Cuts Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

US Bancorp DE reduced its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 16.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,593 shares of the transportation company's stock after selling 12,092 shares during the quarter. US Bancorp DE owned about 0.06% of J.B. Hunt Transport Services worth $10,787,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JBHT. Versant Capital Management Inc raised its holdings in shares of J.B. Hunt Transport Services by 382.1% during the 2nd 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 bought a new position in J.B. Hunt Transport Services in the second quarter valued at about $31,000. nVerses Capital LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth about $32,000. Ashton Thomas Private Wealth LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $36,000. Finally, Cromwell Holdings LLC boosted its stake in shares of J.B. Hunt Transport Services by 47.2% in the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company's stock valued at $41,000 after purchasing an additional 76 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

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

In related news, EVP Darren P. Field sold 1,500 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $2,321,275. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares of the company's stock, valued at approximately $2,321,275. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

JBHT has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Susquehanna upped their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Barclays raised their price objective on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Citigroup initiated coverage on J.B. Hunt Transport Services in a report on Wednesday, October 9th. They issued a "buy" rating and a $201.00 target price for the company. Finally, BMO Capital Markets reissued an "outperform" rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note 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, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $187.56.

J.B. Hunt Transport Services Trading Up 0.2 %

Shares of J.B. Hunt Transport Services stock traded up $0.34 on Friday, hitting $180.96. 771,538 shares of the company's stock traded hands, compared to its average volume of 1,000,189. The company has a market capitalization of $18.25 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 3.10 and a beta of 1.14. The company has a fifty day moving average of $172.34 and a two-hundred day moving average of $166.61. 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, Inc. has a one year low of $153.12 and a one year high of $219.51.

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 firm 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 period in the prior year, the business earned $1.80 EPS. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 5.68 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

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 paid a $0.43 dividend. This represents a $1.72 annualized dividend 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 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.