Private Advisor Group LLC Reduces Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Private Advisor Group LLC trimmed its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,328 shares of the transportation company’s stock after selling 64 shares during the quarter. Private Advisor Group LLC’s holdings in J.B. Hunt Transport Services were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Tempus Wealth Planning LLC grew its holdings in shares of J.B. Hunt Transport Services by 5.4% in the third quarter. Tempus Wealth Planning LLC now owns 6,229 shares of the transportation company’s stock worth $1,073,000 after purchasing an additional 320 shares during the last quarter. New Century Financial Group LLC boosted its position in J.B. Hunt Transport Services by 3.9% during the 3rd quarter. New Century Financial Group LLC now owns 1,725 shares of the transportation company’s stock valued at $297,000 after buying an additional 64 shares during the period. Raymond James & Associates grew its holdings in J.B. Hunt Transport Services by 5.3% in the 3rd quarter. Raymond James & Associates now owns 18,084 shares of the transportation company’s stock worth $3,116,000 after acquiring an additional 912 shares during the last quarter. Blue Trust Inc. increased its position in shares of J.B. Hunt Transport Services by 67.7% in the third quarter. Blue Trust Inc. now owns 451 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 182 shares during the period. Finally, Net Worth Advisory Group bought a new position in shares of J.B. Hunt Transport Services during the third quarter valued at about $224,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $188.51 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $19.01 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 3.11 and a beta of 1.14. 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 fifty day moving average of $173.43 and a 200 day moving average of $167.19.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $1.80 earnings per share. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services 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 owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction on 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 in the company, valued at $2,321,275. 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 the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the sale, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,700 shares of company stock worth $1,227,602 in the last quarter. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

JBHT has been the topic of several recent analyst reports. Bank of America raised their target price on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Barclays boosted their target price on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. BMO Capital Markets reaffirmed 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. Stifel Nicolaus lifted 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 report on Wednesday, October 16th. Finally, Citigroup initiated coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, October 9th. They issued a “buy” rating and a $201.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.56.

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.