Financial Partners Group LLC Sells 208 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Financial Partners Group LLC reduced its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,414 shares of the transportation company’s stock after selling 208 shares during the quarter. Financial Partners Group LLC’s holdings in J.B. Hunt Transport Services were worth $1,622,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in shares of J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 149 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $31,000. nVerses Capital LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $32,000. Ashton Thomas Private Wealth LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $36,000. Finally, International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at about $40,000. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $175.81 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $18.14 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The stock’s 50-day simple moving average is $171.68 and its 200 day simple moving average is $167.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.6 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. Investors of record on Friday, November 8th will be given 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 0.98%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Analysts Set New Price Targets

Several brokerages have issued reports on JBHT. Loop Capital increased their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Stifel Nicolaus lifted their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Morgan Stanley lowered their price objective 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. BMO Capital Markets reiterated an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Stephens reissued an “overweight” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.56.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by corporate insiders.

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.