Garrison Asset Management LLC Sells 875 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Garrison Asset Management LLC decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,534 shares of the transportation company’s stock after selling 875 shares during the period. Garrison Asset Management LLC’s holdings in J.B. Hunt Transport Services were worth $2,160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in shares of J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares during the last quarter. Innealta Capital LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth $36,000. Finally, International Assets Investment Management LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $40,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT traded down $1.72 during trading hours on Monday, reaching $179.24. The company had a trading volume of 102,347 shares, compared to its average volume of 855,151. The firm has a market cap of $18.07 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 3.10 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The business’s 50 day moving average price is $172.34 and its 200-day moving average price is $166.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 1.21.

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. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the firm posted $1.80 earnings per share. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.68 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.96%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.27%.

Insider Activity

In related news, EVP Darren P. Field sold 3,000 shares of the business’s 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now 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 SEC, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at $2,321,275. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on JBHT shares. Barclays raised their price target on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. TD Cowen increased their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Morgan Stanley lowered their target price on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. Finally, Bank of America boosted their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $187.56.

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.