Dai ichi Life Insurance Company Ltd Reduces Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Dai ichi Life Insurance Company Ltd lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 78.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,355 shares of the transportation company’s stock after selling 5,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in J.B. Hunt Transport Services were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden grew its stake in J.B. Hunt Transport Services by 28.2% in the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock worth $2,740,000 after purchasing an additional 3,500 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of J.B. Hunt Transport Services by 2.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock worth $32,861,000 after acquiring an additional 3,910 shares in the last quarter. CWM LLC boosted its stake in J.B. Hunt Transport Services by 119.5% during the third quarter. CWM LLC now owns 7,858 shares of the transportation company’s stock worth $1,354,000 after acquiring an additional 4,278 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in J.B. Hunt Transport Services by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after purchasing an additional 12,040 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $690,000. 74.95% of the stock is owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 1,614 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. This trade represents a 16.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,314 shares of company stock worth $1,008,962. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Benchmark reissued a “buy” rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Evercore ISI increased their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Bank of America lifted their price target on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Susquehanna increased their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group cut their target price on 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. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average price target of $190.11.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $190.31 on Friday. 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 business’s fifty day moving average is $178.11 and its 200 day moving average is $169.27. The company has a market capitalization of $19.19 billion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 3.00 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the company posted $1.80 EPS. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

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.