J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Holdings Cut by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 16.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,313 shares of the transportation company's stock after selling 4,871 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in J.B. Hunt Transport Services were worth $4,362,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JBHT. Catalyst Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $26,000. True Wealth Design LLC lifted its holdings in shares of J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock worth $26,000 after purchasing an additional 142 shares during the last quarter. Innealta Capital LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $31,000. nVerses Capital LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in J.B. Hunt Transport Services in the second quarter worth $36,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of JBHT traded down $1.36 during mid-day trading on Friday, hitting $179.79. The company's stock had a trading volume of 537,959 shares, compared to its average volume of 856,116. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50-day moving average price of $181.39 and a 200 day moving average price of $171.07. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The stock has a market capitalization of $18.13 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.90 and a beta of 1.15.

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 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 for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the business posted $1.80 earnings per share. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.27%.

Insider Activity at J.B. Hunt Transport Services

In other news, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the transaction, the chief executive officer now owns 82,264 shares in the company, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the company's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the transaction, the executive vice president now directly owns 700 shares in the company, valued at $127,904. The trade was a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock worth $2,136,277 in the last quarter. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JBHT. Susquehanna boosted their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a "neutral" rating in a report on Wednesday, October 16th. Benchmark reissued a "buy" rating and set a $185.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Barclays raised their price target on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Bank of America boosted their price objective on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average target price of $190.11.

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.