J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Wharton Business Group LLC

Wharton Business Group LLC lessened its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 67.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,117 shares of the transportation company’s stock after selling 19,310 shares during the quarter. Wharton Business Group LLC’s holdings in J.B. Hunt Transport Services were worth $1,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBHT. Empirical Finance LLC grew its position in shares of J.B. Hunt Transport Services by 2.0% in the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock valued at $492,000 after purchasing an additional 56 shares during the period. Farther Finance Advisors LLC grew its position in shares of J.B. Hunt Transport Services by 18.3% in the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 60 shares during the period. Huntington National Bank grew its position in shares of J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares during the period. Greenleaf Trust grew its position in shares of J.B. Hunt Transport Services by 4.0% in the third quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock valued at $276,000 after purchasing an additional 62 shares during the period. Finally, Studio Investment Management LLC grew its position in shares of J.B. Hunt Transport Services by 6.6% in the second quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock valued at $162,000 after purchasing an additional 63 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 1.2 %

Shares of JBHT stock opened at $182.35 on Monday. 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 $18.39 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 2.90 and a beta of 1.14. The company has a 50 day moving average price of $175.60 and a 200 day moving average price of $168.31. 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 released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period in the previous year, the company earned $1.80 EPS. Equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.43 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.94%. J.B. Hunt Transport Services’s payout ratio is currently 31.27%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 17.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,314 shares of company stock valued at $1,534,052. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on JBHT shares. 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. The Goldman Sachs Group decreased their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI raised their price target on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stephens reissued an “overweight” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, TD Cowen raised their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.11.

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.