Dynamic Technology Lab Private Ltd Reduces Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Dynamic Technology Lab Private Ltd decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 76.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,996 shares of the transportation company’s stock after selling 19,045 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in J.B. Hunt Transport Services were worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in JBHT. Studio Investment Management LLC raised its stake in shares of J.B. Hunt Transport Services by 5.4% during the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock valued at $184,000 after acquiring an additional 55 shares in the last quarter. Empirical Finance LLC raised its position in J.B. Hunt Transport Services by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock valued at $492,000 after purchasing an additional 56 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 18.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after buying an additional 60 shares during the period. Huntington National Bank lifted its holdings in shares of J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after buying an additional 61 shares during the period. Finally, Greenleaf Trust grew its position in shares of J.B. Hunt Transport Services by 4.0% during the 3rd quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock worth $276,000 after buying an additional 62 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Trading Down 0.3 %

NASDAQ:JBHT opened at $190.31 on Thursday. The company has a market capitalization of $19.19 billion, a P/E ratio of 34.60, a PEG ratio of 3.00 and a beta of 1.14. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. 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 fifty day simple moving average of $177.69 and a 200-day simple moving average of $169.12.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly 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 business had revenue of $3.07 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.80 EPS. On average, equities research 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 firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.90%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Analysts Set New Price Targets

A number of analysts recently weighed in on JBHT shares. TD Cowen upped their price objective on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. BMO Capital Markets reiterated an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Stephens reissued an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Barclays upped their target price on 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, The Goldman Sachs Group reduced their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.11.

Insiders Place Their Bets

In related news, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,563,579.45. The trade was a 16.39 % 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 valued at $1,008,962. 2.10% of the stock is owned by insiders.

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.