Toronto Dominion Bank Purchases 206 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Toronto Dominion Bank lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,139 shares of the transportation company’s stock after acquiring an additional 206 shares during the period. Toronto Dominion Bank’s holdings in J.B. Hunt Transport Services were worth $6,917,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of J.B. Hunt Transport Services by 13.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,761 shares of the transportation company’s stock worth $602,000 after purchasing an additional 437 shares during the period. Blue Trust Inc. lifted its stake in shares of J.B. Hunt Transport Services by 232.1% in the second quarter. Blue Trust Inc. now owns 269 shares of the transportation company’s stock valued at $43,000 after buying an additional 188 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of J.B. Hunt Transport Services by 550.8% in the 2nd quarter. Gradient Investments LLC now owns 397 shares of the transportation company’s stock worth $64,000 after acquiring an additional 336 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of J.B. Hunt Transport Services by 70.7% in the second quarter. Raymond James & Associates now owns 17,172 shares of the transportation company’s stock valued at $2,747,000 after purchasing an additional 7,112 shares in the last quarter. Finally, Washington Capital Management Inc. bought a new position in J.B. Hunt Transport Services during the 2nd quarter valued at $384,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 0.8 %

Shares of JBHT stock opened at $179.79 on Friday. The stock has a market capitalization of $18.13 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.90 and a beta of 1.15. The company’s fifty day simple moving average is $181.39 and its two-hundred day simple moving average is $171.07. 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 debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the prior year, the firm posted $1.80 EPS. As a group, analysts anticipate 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 company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 31.27%.

Insider Buying and Selling

In other news, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the sale, the senior vice president now owns 8,235 shares in the company, valued at approximately $1,563,579.45. This trade represents a 16.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Shelley Simpson sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares in the company, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,459 shares of company stock valued at $2,136,277. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

JBHT has been the subject of several analyst reports. Barclays increased their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Evercore ISI lifted their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Loop Capital boosted their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Susquehanna increased their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, Bank of America boosted their price objective on 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. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.