J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp trimmed its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 56.8% during the third quarter, HoldingsChannel.com reports. The fund owned 3,175 shares of the transportation company’s stock after selling 4,183 shares during the period. Peapack Gladstone Financial Corp’s holdings in J.B. Hunt Transport Services were worth $547,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JBHT. Arvest Bank Trust Division purchased a new position in shares of J.B. Hunt Transport Services during the third quarter valued at $1,578,000. Forsta AP Fonden grew its holdings in shares of J.B. Hunt Transport Services by 28.2% during the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock valued at $2,740,000 after buying an additional 3,500 shares in the last quarter. State Street Corp grew its holdings in shares of J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after buying an additional 19,826 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of J.B. Hunt Transport Services by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock valued at $95,419,000 after buying an additional 12,040 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of J.B. Hunt Transport Services by 2.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock valued at $32,861,000 after buying an additional 3,910 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was 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 in the company, valued at $1,563,579.45. The trade was a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Eric Mcgee sold 145 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the transaction, the executive vice president now owns 700 shares in the company, valued at $127,904. This represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,459 shares of company stock valued at $2,136,277. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $179.79 on Monday. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. 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 $18.13 billion, a PE ratio of 32.69, a P/E/G ratio of 2.90 and a beta of 1.15. The stock has a 50-day simple moving average of $181.39 and a 200 day simple moving average of $171.18.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping 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 analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm earned $1.80 EPS. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was 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%.

Analyst Ratings Changes

A number of analysts recently issued reports on JBHT shares. TD Cowen lifted their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Bank of America lifted their price objective on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Benchmark reissued a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. BMO Capital Markets reissued an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Evercore ISI lifted their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.