Qsemble Capital Management LP Trims Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Qsemble Capital Management LP decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 39.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,837 shares of the transportation company’s stock after selling 2,525 shares during the quarter. Qsemble Capital Management LP’s holdings in J.B. Hunt Transport Services were worth $661,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services during the third quarter valued at about $26,000. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after purchasing an additional 149 shares in the last quarter. Innealta Capital LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $36,000. Institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other news, SVP Kevin Bracy sold 1,614 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. This trade represents a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value 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. The trade was a 10.60 % decrease in their position. The disclosure for this sale can be found here. Over 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 insiders.

Analysts Set New Price Targets

JBHT has been the topic of several recent analyst reports. Citigroup lifted their price objective on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Loop Capital lifted 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 report on Thursday, October 17th. BMO Capital Markets reissued an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Stifel Nicolaus lifted their target price on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Finally, Benchmark reiterated a “buy” rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.11.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $190.86 on Wednesday. The stock has a market cap of $19.24 billion, a PE ratio of 34.70, a P/E/G ratio of 3.00 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The company has a 50-day moving average price of $177.23 and a 200 day moving average price of $168.98. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) 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 business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the business earned $1.80 earnings per share. Equities research analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.90%. J.B. Hunt Transport Services’s payout ratio is 31.27%.

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.