Virtu Financial LLC Trims Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Virtu Financial LLC lowered its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 70.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,186 shares of the transportation company's stock after selling 7,539 shares during the period. Virtu Financial LLC's holdings in J.B. Hunt Transport Services were worth $549,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JBHT. Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services in the third quarter worth approximately $26,000. True Wealth Design LLC grew its holdings in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock valued at $26,000 after buying an additional 142 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at $31,000. nVerses Capital LLC acquired a new position in J.B. Hunt Transport Services during the second quarter valued at $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in J.B. Hunt Transport Services during the second quarter valued at $36,000. Institutional investors own 74.95% of the company's stock.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services 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 completion of the sale, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This trade represents a 35.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services 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 sale, the executive vice president now owns 12,650 shares of the company's stock, valued at $2,321,275. This trade represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock worth $2,136,277 in the last 90 days. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT traded down $1.36 during trading hours on Friday, hitting $179.79. 537,959 shares of the company's stock traded hands, compared to its average volume of 856,116. 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 capitalization of $18.13 billion, a PE ratio of 32.69, a PEG ratio of 2.90 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The firm's 50-day moving average is $181.39 and its 200-day moving average is $171.07.

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 earnings per share (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 company had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.04 billion. During the same quarter in the prior year, the company earned $1.80 EPS. Equities analysts forecast 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 company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders 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 dividend yield of 0.96%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.27%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JBHT. Stephens restated an "overweight" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. BMO Capital Markets reiterated an "outperform" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Loop Capital upped their price objective on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. TD Cowen upped their price objective on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $190.11.

About J.B. Hunt Transport Services

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.