14,700 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,700 shares of the transportation company's stock, valued at approximately $2,533,000.

A number of other institutional investors also recently bought and sold shares of the stock. True Wealth Design LLC grew its stake in 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 acquiring an additional 142 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth $26,000. Innealta Capital LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $31,000. nVerses Capital LLC bought a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter worth about $36,000. 74.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JBHT has been the subject of several research reports. 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 research report on Wednesday, October 16th. Benchmark restated a "buy" rating and set a $185.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Bank of America lifted their price target on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Stephens restated an "overweight" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Barclays lifted their target price on 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. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $190.11.

Insider Activity at J.B. Hunt Transport Services

In other news, SVP Kevin Bracy sold 1,614 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the sale, the senior vice president now directly owns 8,235 shares in the company, valued at $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of 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 10.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,314 shares of company stock valued at $1,008,962 over the last ninety days. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $0.86 during midday trading on Friday, reaching $180.99. The company had a trading volume of 750,848 shares, compared to its average volume of 860,402. The company has a market capitalization of $18.25 billion, a P/E ratio of 32.88, a P/E/G ratio of 2.95 and a beta of 1.15. The firm's fifty day simple moving average is $179.89 and its 200-day simple moving average is $170.05. 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 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating 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 company earned $1.80 EPS. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.95%. J.B. Hunt Transport Services's 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.