J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Position Cut by Raymond James Trust N.A.

Raymond James Trust N.A. trimmed its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,040 shares of the transportation company’s stock after selling 84 shares during the quarter. Raymond James Trust N.A.’s holdings in J.B. Hunt Transport Services were worth $1,041,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JBHT. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services in the third quarter valued at $26,000. Versant Capital Management Inc lifted its stake in J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after buying an additional 149 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at about $31,000. nVerses Capital LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at about $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at about $36,000. 74.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was 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. This trade represents a 35.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,314 shares of company stock worth $1,008,962. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JBHT. 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. Susquehanna lifted 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. The Goldman Sachs Group cut 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 research note on Wednesday, October 9th. Citigroup lifted their price objective 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. Finally, Loop Capital lifted their price objective on shares of 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. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.11.

J.B. Hunt Transport Services Trading Up 0.5 %

Shares of JBHT opened at $182.40 on Monday. The business’s 50-day moving average price is $176.81 and its 200 day moving average price is $168.85. The stock has a market capitalization of $18.39 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.89 and a beta of 1.14. 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 current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

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 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 analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same quarter last year, the business posted $1.80 EPS. Analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given 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 yield of 0.94%. J.B. Hunt Transport Services’s payout ratio is presently 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.