Envestnet Asset Management Inc. decreased its position in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 77.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,869 shares of the transportation company’s stock after selling 26,687 shares during the period. Envestnet Asset Management Inc.’s holdings in J B Hunt Transport Services were worth $871,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Buckingham Capital Management Inc. grew its position in J B Hunt Transport Services by 7.3% in the first quarter. Buckingham Capital Management Inc. now owns 10,175 shares of the transportation company’s stock worth $1,031,000 after acquiring an additional 690 shares in the last quarter. Private Trust Co. NA grew its position in J B Hunt Transport Services by 5.3% in the second quarter. Private Trust Co. NA now owns 6,148 shares of the transportation company’s stock worth $561,000 after acquiring an additional 309 shares in the last quarter. DNB Asset Management AS grew its position in J B Hunt Transport Services by 20.5% in the second quarter. DNB Asset Management AS now owns 14,794 shares of the transportation company’s stock worth $1,352,000 after acquiring an additional 2,514 shares in the last quarter. Dalton Greiner Hartman Maher & Co. grew its position in J B Hunt Transport Services by 269.8% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 12,111 shares of the transportation company’s stock worth $1,107,000 after acquiring an additional 8,836 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its position in J B Hunt Transport Services by 10.7% in the second quarter. Xact Kapitalforvaltning AB now owns 21,057 shares of the transportation company’s stock worth $1,925,000 after acquiring an additional 2,042 shares in the last quarter. Hedge funds and other institutional investors own 73.95% of the company’s stock.

Several research analysts recently commented on JBHT shares. ValuEngine lowered J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. BidaskClub upgraded J B Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Stifel Nicolaus raised their price objective on shares of J B Hunt Transport Services from $95.00 to $104.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Susquehanna Bancshares downgraded shares of J B Hunt Transport Services from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $124.00 to $119.00 in a research note on Tuesday, October 8th. Finally, Goldman Sachs Group downgraded shares of J B Hunt Transport Services from a “buy” rating to a “neutral” rating and set a $115.00 price objective for the company. in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $110.29.

Shares of NASDAQ JBHT opened at $119.98 on Friday. The firm has a 50-day simple moving average of $113.89 and a two-hundred day simple moving average of $101.28. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.29 and a quick ratio of 1.30. J B Hunt Transport Services Inc has a 1 year low of $83.64 and a 1 year high of $122.29. The company has a market cap of $12.78 billion, a P/E ratio of 21.16, a PEG ratio of 1.47 and a beta of 1.14.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.05). The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. J B Hunt Transport Services had a net margin of 5.46% and a return on equity of 28.45%. J B Hunt Transport Services’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. As a group, equities research analysts expect that J B Hunt Transport Services Inc will post 5.42 EPS for the current year.

The business 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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, November 7th. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 18.34%.

In other news, Director Earl Wayne Garrison sold 100,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $120.22, for a total transaction of $12,022,000.00. Following the sale, the director now directly owns 1,583,354 shares of the company’s stock, valued at $190,350,817.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Nicholas Hobbs sold 1,485 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $101.77, for a total transaction of $151,128.45. Following the sale, the executive vice president now directly owns 63,819 shares in the company, valued at $6,494,859.63. The disclosure for this sale can be found here. Insiders have sold 193,760 shares of company stock worth $22,526,491 over the last three months. Corporate insiders own 3.60% of the company’s stock.

J B Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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