Entropy Technologies LP Lowers Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Entropy Technologies LP trimmed its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 41.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 9,598 shares of the transportation company’s stock after selling 6,933 shares during the quarter. Entropy Technologies LP’s holdings in J.B. Hunt Transport Services were worth $1,654,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JBHT. Vanguard Group Inc. raised its holdings in J.B. Hunt Transport Services by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock worth $1,946,628,000 after purchasing an additional 25,109 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of J.B. Hunt Transport Services by 6.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock worth $269,611,000 after acquiring an additional 105,500 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in J.B. Hunt Transport Services by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock valued at $231,416,000 after acquiring an additional 5,179 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in J.B. Hunt Transport Services by 2,722.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after purchasing an additional 525,729 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $192.54 on Wednesday. The firm has a market capitalization of $19.41 billion, a P/E ratio of 35.01, a PEG ratio of 3.28 and a beta of 1.14. The stock has a 50-day simple moving average of $174.68 and a two-hundred day simple moving average of $167.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced 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. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same period last year, the business earned $1.80 earnings per share. On average, equities 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Susquehanna raised their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Loop Capital increased their price objective 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, Stifel Nicolaus boosted 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. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $189.00.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,200 shares of the 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 sale, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at $786,550.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,314 shares of company stock worth $1,534,052. 2.10% of the stock is owned by company insiders.

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.