Quantbot Technologies LP Sells 16,812 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Quantbot Technologies LP trimmed its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 46.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,510 shares of the transportation company’s stock after selling 16,812 shares during the quarter. Quantbot Technologies LP’s holdings in J.B. Hunt Transport Services were worth $3,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Advisors Asset Management Inc. raised its stake in shares of J.B. Hunt Transport Services by 11.8% in the first quarter. Advisors Asset Management Inc. now owns 1,454 shares of the transportation company’s stock worth $290,000 after acquiring an additional 153 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in J.B. Hunt Transport Services by 13.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,037 shares of the transportation company’s stock worth $384,000 after purchasing an additional 245 shares during the last quarter. Tidal Investments LLC boosted its position in J.B. Hunt Transport Services by 65.6% in the 1st quarter. Tidal Investments LLC now owns 7,851 shares of the transportation company’s stock valued at $1,563,000 after buying an additional 3,109 shares during the last quarter. Comerica Bank increased its stake in shares of J.B. Hunt Transport Services by 4.0% in the 1st quarter. Comerica Bank now owns 45,088 shares of the transportation company’s stock valued at $8,984,000 after buying an additional 1,716 shares during the period. Finally, Wahed Invest LLC raised its position in shares of J.B. Hunt Transport Services by 13.7% during the first quarter. Wahed Invest LLC now owns 1,593 shares of the transportation company’s stock worth $317,000 after acquiring an additional 192 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the firm’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 transaction of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares in the company, valued at $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of the company’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 value of $306,450.18. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 5,314 shares of company stock worth $1,008,962 in the last ninety days. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Trading Down 0.3 %

J.B. Hunt Transport Services stock opened at $190.31 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50-day moving average of $177.69 and a 200-day moving average of $169.12. The company has a market cap of $19.19 billion, a price-to-earnings ratio of 34.60, a P/E/G ratio of 3.00 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results 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 firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the previous year, the firm earned $1.80 EPS. On average, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid 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 0.90%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.27%.

Analyst Upgrades and Downgrades

JBHT has been the topic of a number of recent research reports. Evercore ISI raised their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus lifted their price target 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. Stephens restated an “overweight” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Susquehanna lifted their target price 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. Finally, BMO Capital Markets restated an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.11.

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.