Jacobs Levy Equity Management Inc. Cuts Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Jacobs Levy Equity Management Inc. cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,310,912 shares of the transportation company’s stock after selling 115,923 shares during the period. J.B. Hunt Transport Services accounts for about 0.9% of Jacobs Levy Equity Management Inc.’s holdings, making the stock its 19th biggest position. Jacobs Levy Equity Management Inc.’s holdings in J.B. Hunt Transport Services were worth $225,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Paloma Partners Management Co increased its holdings in shares of J.B. Hunt Transport Services by 14,254.9% in the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock worth $32,035,000 after buying an additional 184,601 shares during the last quarter. Mizuho Securities USA LLC boosted its position in J.B. Hunt Transport Services by 2,384.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after buying an additional 149,815 shares during the period. AQR Capital Management LLC raised its stake in shares of J.B. Hunt Transport Services by 282.8% during the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after acquiring an additional 128,283 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $19,755,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Up 0.1 %

JBHT opened at $189.24 on Tuesday. The firm has a 50 day moving average price of $178.82 and a 200-day moving average price of $169.58. 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 stock has a market capitalization of $19.08 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 3.01 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the firm posted $1.80 earnings per share. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 31.27%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JBHT shares. Citigroup increased their target price on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus raised their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Loop Capital raised their target price 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. Benchmark reissued a “buy” rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Evercore ISI upped their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report 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. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $190.11.

Insider Activity

In other news, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the 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 sale, the executive vice president now directly owns 4,050 shares in the company, valued at $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. 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 corporate insiders.

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.