XTX Topco Ltd Reduces Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

XTX Topco Ltd cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 80.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,679 shares of the transportation company's stock after selling 6,875 shares during the period. XTX Topco Ltd's holdings in J.B. Hunt Transport Services were worth $289,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Forsta AP Fonden raised its holdings in J.B. Hunt Transport Services by 28.2% during the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company's stock worth $2,740,000 after purchasing an additional 3,500 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock worth $95,419,000 after purchasing an additional 12,040 shares during the last quarter. State Street Corp raised its holdings in J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock worth $566,944,000 after purchasing an additional 19,826 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in J.B. Hunt Transport Services by 2.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company's stock worth $32,861,000 after purchasing an additional 3,910 shares during the last quarter. Finally, CWM LLC raised its holdings in J.B. Hunt Transport Services by 119.5% during the 3rd quarter. CWM LLC now owns 7,858 shares of the transportation company's stock worth $1,354,000 after purchasing an additional 4,278 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on JBHT. TD Cowen raised their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Barclays lifted their price objective on shares of 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. 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 note on Wednesday, October 16th. Evercore ISI lifted their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Finally, Stephens reiterated an "overweight" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $190.11.

Insiders Place Their Bets

In related news, SVP Kevin Bracy sold 1,614 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the transaction, the senior vice president now directly owns 8,235 shares of the company's stock, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the transaction, the executive vice president now directly owns 700 shares in the company, valued at $127,904. This trade represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,459 shares of company stock valued at $2,136,277 in the last three months. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Down 4.0 %

JBHT traded down $7.02 during mid-day trading on Wednesday, reaching $170.29. 968,735 shares of the stock were exchanged, compared to its average volume of 855,042. 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 stock has a market capitalization of $17.17 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.90 and a beta of 1.15. The company has a 50 day moving average price of $181.90 and a two-hundred day moving average price of $171.45. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $1.80 EPS. As a group, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company 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. This represents a $1.72 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was 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.