Thrivent Financial for Lutherans Acquires 7,612 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Thrivent Financial for Lutherans lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453,180 shares of the transportation company's stock after buying an additional 7,612 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.45% of J.B. Hunt Transport Services worth $78,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JBHT. Jacobs Levy Equity Management Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 2,722.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company's stock worth $108,600,000 after buying an additional 525,729 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock worth $152,589,000 after buying an additional 193,684 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2,384.8% in the third quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company's stock worth $25,297,000 after buying an additional 149,815 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of J.B. Hunt Transport Services by 282.8% in the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company's stock worth $27,740,000 after buying an additional 128,283 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC purchased a new position in shares of J.B. Hunt Transport Services in the second quarter worth approximately $19,755,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock traded up $1.65 during trading hours on Monday, hitting $184.00. The stock had a trading volume of 756,944 shares, compared to its average volume of 869,922. 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 company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average of $175.84 and a two-hundred day moving average of $168.44. The company has a market cap of $18.55 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.90 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion for 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 period last year, the company earned $1.80 EPS. On average, equities research analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services's payout ratio is 31.27%.

Wall Street Analysts Forecast Growth

JBHT has been the topic of several research analyst reports. Stephens reissued an "overweight" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Loop Capital boosted their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Benchmark reissued a "buy" rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Evercore ISI boosted 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 report on Wednesday, October 16th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $190.11.

Insider Activity

In other news, EVP Darren P. Field sold 1,500 shares of the company's stock in a transaction 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 in the company, valued at approximately $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Bracy sold 1,614 shares of the business's 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 completion of the sale, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,563,579.45. This represents a 16.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,314 shares of company stock worth $1,534,052 in the last quarter. Corporate insiders own 2.10% of the company's stock.

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.