J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 25.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,741 shares of the transportation company’s stock after selling 601 shares during the period. Park Avenue Securities LLC’s holdings in J.B. Hunt Transport Services were worth $300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC grew its stake in shares of J.B. Hunt Transport Services by 19.5% during the fourth quarter. V Square Quantitative Management LLC now owns 2,214 shares of the transportation company’s stock worth $442,000 after purchasing an additional 362 shares in the last quarter. Wahed Invest LLC boosted its position in shares of J.B. Hunt Transport Services by 10.9% during the 4th quarter. Wahed Invest LLC now owns 1,401 shares of the transportation company’s stock worth $280,000 after acquiring an additional 138 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of J.B. Hunt Transport Services by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock valued at $1,946,400,000 after acquiring an additional 80,123 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth about $326,000. Finally, Fulton Bank N.A. purchased a new stake in J.B. Hunt Transport Services during the first quarter worth approximately $231,000. 74.95% of the stock is owned by institutional investors and hedge funds.

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

In other news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Persio V. Lisboa purchased 600 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, July 19th. The shares were bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now owns 3,594 shares in the company, valued at approximately $587,511.18. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

JBHT has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. Stifel Nicolaus reduced their price target on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a research report on Tuesday, July 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Tuesday, September 24th. Finally, Evercore ISI reduced their target price on J.B. Hunt Transport Services from $185.00 to $183.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $183.50.

J.B. Hunt Transport Services Stock Up 2.9 %

Shares of NASDAQ:JBHT opened at $170.72 on Monday. 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 quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $169.43 and its 200-day simple moving average is $168.04. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. J.B. Hunt Transport Services’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 EPS. As a group, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.6 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s payout ratio is 27.30%.

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.