J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Harvey Investment Co. LLC

Harvey Investment Co. LLC raised its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 33.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,425 shares of the transportation company’s stock after acquiring an additional 850 shares during the quarter. Harvey Investment Co. LLC’s holdings in J.B. Hunt Transport Services were worth $590,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of recent research reports. Morgan Stanley reduced 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 report on Monday, July 8th. The Goldman Sachs Group reduced their price objective 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. TD Cowen increased their price target on 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. Finally, Stephens restated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.56.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Trading Down 0.8 %

NASDAQ JBHT opened at $173.98 on Thursday. The firm has a market capitalization of $17.95 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.84 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The company’s 50 day moving average price is $171.51 and its 200 day moving average price is $167.09.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. During the same quarter last year, the firm posted $1.80 EPS. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.6 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

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.