J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Virtu Financial LLC

Virtu Financial LLC lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 70.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,186 shares of the transportation company’s stock after selling 7,539 shares during the quarter. Virtu Financial LLC’s holdings in J.B. Hunt Transport Services were worth $549,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Catalyst Capital Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at approximately $26,000. True Wealth Design LLC raised its holdings in shares of J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $31,000. nVerses Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, 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 completion of the sale, the executive vice president now owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $179.79 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $18.13 billion, a PE ratio of 32.69, a P/E/G ratio of 2.90 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a fifty day moving average of $181.39 and a two-hundred day moving average of $171.07.

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, beating analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the company posted $1.80 EPS. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared 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 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 dividend payout ratio is presently 31.27%.

Analysts Set New Price Targets

Several analysts have weighed in on JBHT shares. Loop Capital boosted 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. Benchmark reiterated 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. Evercore ISI lifted their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays raised their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Bank of America increased their price target 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 investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $190.11.

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.