QRG Capital Management Inc. Sells 8,079 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

QRG Capital Management Inc. lessened its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 28.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,465 shares of the transportation company's stock after selling 8,079 shares during the quarter. QRG Capital Management Inc.'s holdings in J.B. Hunt Transport Services were worth $3,527,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Versant Capital Management Inc lifted its position 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 purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $31,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $32,000. Ashton Thomas Private Wealth LLC purchased a new position in J.B. Hunt Transport Services during the second quarter worth about $36,000. Finally, International Assets Investment Management LLC purchased a new position in J.B. Hunt Transport Services during the second quarter worth about $40,000. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Activity

In other J.B. Hunt Transport Services news, 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 value 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares of the company's stock, valued at $786,550.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the company'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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 6,700 shares of company stock valued at $1,227,602 over the last quarter. Company insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

JBHT has been the subject of several analyst reports. Citigroup initiated coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 9th. They issued a "buy" rating and a $201.00 price target for the company. Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. The Goldman Sachs Group reduced their target price on 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. Loop Capital upped 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 note on Thursday, October 17th. Finally, Evercore ISI raised their price objective 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. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $187.56.

J.B. Hunt Transport Services Stock Down 2.2 %

Shares of JBHT traded down $4.31 during trading hours on Thursday, reaching $188.51. 702,270 shares of the stock traded hands, compared to its average volume of 861,286. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $173.10 and a 200 day simple moving average of $167.04. 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 market cap of $19.01 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 3.11 and a beta of 1.14.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period last year, the firm earned $1.80 earnings per share. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio is 31.27%.

J.B. Hunt Transport Services Company 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.