Dai ichi Life Insurance Company Ltd Sells 5,000 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Dai ichi Life Insurance Company Ltd decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 78.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,355 shares of the transportation company’s stock after selling 5,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in J.B. Hunt Transport Services were worth $234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Forsta AP Fonden grew its stake in J.B. Hunt Transport Services by 28.2% in the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock valued at $2,740,000 after buying an additional 3,500 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of J.B. Hunt Transport Services by 2.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock valued at $32,861,000 after purchasing an additional 3,910 shares in the last quarter. CWM LLC raised its stake in shares of 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 valued at $1,354,000 after purchasing an additional 4,278 shares during the period. Charles Schwab Investment Management Inc. lifted 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 in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $690,000. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

JBHT has been the topic of several analyst reports. Stifel Nicolaus upped 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. Susquehanna increased their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Benchmark reissued a “buy” rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. BMO Capital Markets reaffirmed 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. Finally, Barclays lifted their price objective on 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. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.11.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were 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. This trade represents a 10.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. This trade represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock valued at $1,008,962 over the last three months. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $190.31 on Friday. The company has a 50-day simple moving average of $178.11 and a two-hundred day simple moving average of $169.27. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The firm has a market cap of $19.19 billion, a price-to-earnings ratio of 34.60, a PEG ratio of 3.00 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.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion during 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 period in the prior year, the business posted $1.80 EPS. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is 31.27%.

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.