BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 134 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.2% during the third quarter, HoldingsChannel reports. The firm owned 58,035 shares of the transportation company’s stock after selling 134 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in J.B. Hunt Transport Services were worth $10,001,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in J.B. Hunt Transport Services by 4.4% in the 1st quarter. Bessemer Group Inc. now owns 2,772 shares of the transportation company’s stock worth $553,000 after acquiring an additional 118 shares in the last quarter. Natixis increased its holdings in J.B. Hunt Transport Services by 620.5% during the 1st quarter. Natixis now owns 807 shares of the transportation company’s stock worth $161,000 after purchasing an additional 695 shares during the period. Advisors Asset Management Inc. raised its position in J.B. Hunt Transport Services by 11.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,454 shares of the transportation company’s stock valued at $290,000 after purchasing an additional 153 shares in the last quarter. Toronto Dominion Bank raised its position in J.B. Hunt Transport Services by 2.0% during the 1st quarter. Toronto Dominion Bank now owns 46,215 shares of the transportation company’s stock valued at $9,208,000 after purchasing an additional 926 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of J.B. Hunt Transport Services in the 1st quarter worth $1,751,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, 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 completion of the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at $1,563,579.45. This trade represents a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the sale, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock valued at $1,008,962 over the last quarter. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Loop Capital raised their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. BMO Capital Markets restated an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Bank of America upped their price target on shares of 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. Benchmark reissued a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Citigroup upped their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $190.11.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $182.40 on Friday. The company has a market cap of $18.39 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.14. 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 firm’s 50-day moving average price is $176.81 and its 200-day moving average price is $168.84. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly 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. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $1.80 EPS. As a group, equities analysts anticipate 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 company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 31.27%.

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.