Natixis Advisors LLC Sells 11,339 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Natixis Advisors LLC cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 29.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 26,604 shares of the transportation company's stock after selling 11,339 shares during the quarter. Natixis Advisors LLC's holdings in J.B. Hunt Transport Services were worth $4,585,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of JBHT. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services in the third quarter worth about $26,000. Versant Capital Management Inc boosted its holdings in J.B. Hunt Transport Services by 382.1% during 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 acquired a new position in J.B. Hunt Transport Services in the second quarter worth approximately $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $36,000. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Performance

JBHT stock traded up $0.83 during mid-day trading on Friday, reaching $182.40. 687,026 shares of the stock traded hands, compared to its average volume of 990,002. The firm has a market capitalization of $18.39 billion, a PE ratio of 33.16, a P/E/G ratio of 2.89 and a beta of 1.14. The business has a 50-day moving average of $176.81 and a two-hundred day moving average of $168.84. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the business posted $1.80 EPS. As a group, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services's payout ratio is presently 31.27%.

Insider Activity

In other news, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction on Thursday, November 7th. The stock was 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 represents a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction that occurred 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 directly owns 4,050 shares in the company, valued at $786,550.50. This trade represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,314 shares of company stock worth $1,008,962. Company insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JBHT. Citigroup upped their target price on 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. 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 research report on Wednesday, October 16th. 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 on the stock in a research report on Wednesday, October 9th. TD Cowen increased their target price on 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. Finally, Stifel Nicolaus lifted their price target on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.11.

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.