Y Intercept Hong Kong Ltd Sells 7,989 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Y Intercept Hong Kong Ltd lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 67.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,877 shares of the transportation company's stock after selling 7,989 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in J.B. Hunt Transport Services were worth $668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBHT. True Wealth Design LLC raised its stake in 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 worth $26,000 after buying an additional 142 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $26,000. Innealta Capital LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $36,000. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Down 0.8 %

Shares of JBHT stock traded down $1.36 during midday trading on Friday, reaching $179.79. 537,959 shares of the stock were exchanged, compared to its average volume of 856,116. The company's 50 day moving average is $181.39 and its two-hundred day moving average is $171.18. 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 firm has a market cap of $18.13 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 2.90 and a beta of 1.15. 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 released its earnings results 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 firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the business earned $1.80 earnings per share. On average, equities research analysts predict 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 declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.43 dividend. 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 presently 31.27%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,563,579.45. The trade was a 16.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,459 shares of company stock worth $2,136,277. Insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on JBHT shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Stifel Nicolaus lifted their price target on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Benchmark reissued a "buy" rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Barclays lifted their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Finally, Susquehanna upped their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $190.11.

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.