J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Holdings Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 600,761 shares of the transportation company's stock after selling 30,012 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.60% of J.B. Hunt Transport Services worth $103,529,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. lifted its holdings in J.B. Hunt Transport Services by 13.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,037 shares of the transportation company's stock valued at $384,000 after acquiring an additional 245 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of J.B. Hunt Transport Services by 130.7% during the first quarter. Cetera Investment Advisers now owns 8,398 shares of the transportation company's stock worth $1,673,000 after buying an additional 4,758 shares in the last quarter. Cetera Advisors LLC bought a new stake in J.B. Hunt Transport Services during the 1st quarter worth about $496,000. GAMMA Investing LLC lifted its position in J.B. Hunt Transport Services by 19.3% during the 2nd quarter. GAMMA Investing LLC now owns 593 shares of the transportation company's stock valued at $95,000 after purchasing an additional 96 shares during the period. Finally, DNB Asset Management AS grew its holdings in J.B. Hunt Transport Services by 3.4% during the second quarter. DNB Asset Management AS now owns 14,820 shares of the transportation company's stock valued at $2,371,000 after purchasing an additional 481 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup raised their target price on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. 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. Stifel Nicolaus increased their target price on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Benchmark reiterated 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. Finally, The Goldman Sachs Group dropped their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $190.11.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT traded up $0.13 during mid-day trading on Monday, reaching $189.24. 470,083 shares of the stock were exchanged, compared to its average volume of 865,010. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $19.08 billion, a P/E ratio of 34.38, a P/E/G ratio of 3.01 and a beta of 1.14. The business's 50 day moving average is $178.82 and its 200-day moving average is $169.58.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter last year, the firm posted $1.80 EPS. On average, equities research analysts forecast 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 disclosed 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 0.91%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio is presently 31.27%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,500 shares of the business'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 sale, the executive vice president now directly owns 12,650 shares of the company's stock, valued at $2,321,275. The trade was a 10.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction 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 completion of the transaction, the executive vice president now owns 4,050 shares in the company, valued at $786,550.50. The trade was a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,314 shares of company stock valued at $1,008,962 over the last quarter. 2.10% of the stock is owned by insiders.

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.