IFM Investors Pty Ltd Sells 1,668 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

IFM Investors Pty Ltd decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 10.0% during the third quarter, HoldingsChannel reports. The fund owned 15,032 shares of the transportation company’s stock after selling 1,668 shares during the quarter. IFM Investors Pty Ltd’s holdings in J.B. Hunt Transport Services were worth $2,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc raised its holdings in J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 149 shares during the period. Innealta Capital LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $31,000. nVerses Capital LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $32,000. Ashton Thomas Private Wealth LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $36,000. Finally, International Assets Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $40,000. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

JBHT has been the subject of a number of recent analyst reports. TD Cowen boosted their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Stifel Nicolaus boosted their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price target on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Loop Capital boosted their price target on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Finally, Bank of America boosted their price target on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.56.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $174.83 on Monday. The company has a quick ratio of 1.21, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $18.04 billion, a PE ratio of 27.75, a P/E/G ratio of 3.01 and a beta of 1.15. The firm has a fifty day simple moving average of $171.77 and a two-hundred day simple moving average of $166.67. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

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, topping the consensus estimate of $1.42 by $0.07. The business 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 period in the previous year, the firm posted $1.80 earnings per share. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.69 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by insiders.

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.