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

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

A number of other large investors have also recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC grew its stake in J.B. Hunt Transport Services by 6.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock valued at $269,611,000 after acquiring an additional 105,500 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in J.B. Hunt Transport Services by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock valued at $231,416,000 after acquiring an additional 5,179 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after purchasing an additional 193,684 shares in the last quarter. Parnassus Investments LLC lifted its holdings in J.B. Hunt Transport Services by 14.1% in the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock valued at $129,765,000 after purchasing an additional 93,213 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in J.B. Hunt Transport Services by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock valued at $95,419,000 after purchasing an additional 12,040 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Up 0.5 %

JBHT opened at $182.40 on Monday. The firm has a 50 day moving average price of $176.81 and a 200 day moving average price of $168.85. The company has a market cap of $18.39 billion, a PE ratio of 33.16, a price-to-earnings-growth 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 debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results 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. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same quarter in the prior year, the company earned $1.80 EPS. Sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.27%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value 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 $786,550.50. This trade represents a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock valued at $1,008,962 over the last 90 days. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on JBHT. TD Cowen upped their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Bank of America upped their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Barclays upped 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. Finally, Citigroup upped their target price on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $190.11.

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.