Peapack Gladstone Financial Corp Decreases Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Peapack Gladstone Financial Corp decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 56.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,175 shares of the transportation company's stock after selling 4,183 shares during the period. Peapack Gladstone Financial Corp's holdings in J.B. Hunt Transport Services were worth $547,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock valued at $152,589,000 after acquiring an additional 193,684 shares during the period. Paloma Partners Management Co increased its position in J.B. Hunt Transport Services by 14,254.9% in the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company's stock worth $32,035,000 after buying an additional 184,601 shares during the last quarter. Mizuho Securities USA LLC lifted its position in shares of J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company's stock valued at $25,297,000 after buying an additional 149,815 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of J.B. Hunt Transport Services by 282.8% during the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company's stock worth $27,740,000 after acquiring an additional 128,283 shares during the period. Finally, Legacy Capital Wealth Partners LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $19,755,000. Institutional investors own 74.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on JBHT shares. Benchmark reaffirmed a "buy" rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. BMO Capital Markets restated 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. Stephens reaffirmed an "overweight" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Evercore ISI increased their target price on 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. Finally, Loop Capital lifted their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and a consensus target price of $190.11.

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

In other news, EVP Darren P. Field sold 1,500 shares of the firm's stock in a transaction dated 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 trade represents a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,459 shares of company stock worth $2,136,277 over the last ninety days. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded down $1.70 during mid-day trading on Monday, reaching $178.09. 644,839 shares of the company were exchanged, compared to its average volume of 855,243. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The company's 50 day moving average price is $181.66 and its 200 day moving average price is $171.33. The stock has a market capitalization of $17.96 billion, a PE ratio of 32.38, a PEG ratio of 2.90 and a beta of 1.15. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates 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 previous year, the company posted $1.80 earnings per share. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio 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.