Advisors Asset Management Inc. Sells 72 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Advisors Asset Management Inc. trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,424 shares of the transportation company’s stock after selling 72 shares during the period. Advisors Asset Management Inc.’s holdings in J.B. Hunt Transport Services were worth $245,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter worth approximately $26,000. Versant Capital Management Inc raised its position in shares of J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after buying an additional 149 shares in the last quarter. Innealta Capital LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services during the second quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $36,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Down 0.3 %

NASDAQ JBHT opened at $190.31 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The stock has a market capitalization of $19.19 billion, a PE ratio of 34.60, a PEG ratio of 3.00 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50-day moving average is $178.11 and its 200 day moving average is $169.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates 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 period last year, the company earned $1.80 EPS. Sell-side analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is currently 31.27%.

Analysts Set New Price Targets

Several research analysts have recently commented on JBHT shares. Evercore ISI boosted their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. TD Cowen raised their price objective 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 upped their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group lowered their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.11.

Insiders Place Their Bets

In related news, EVP Spencer Frazier sold 2,200 shares of the business’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 transaction, the executive vice president now owns 4,050 shares in the company, valued at $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 12,650 shares of the company’s stock, 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. In the last ninety days, insiders sold 5,314 shares of company stock worth $1,008,962. 2.10% of the stock is currently owned by corporate 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.