Toronto Dominion Bank Purchases 206 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Toronto Dominion Bank grew its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 40,139 shares of the transportation company’s stock after acquiring an additional 206 shares during the period. Toronto Dominion Bank’s holdings in J.B. Hunt Transport Services were worth $6,917,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JBHT. Catalyst Capital Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth approximately $26,000. True Wealth Design LLC raised its position in J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after purchasing an additional 142 shares during the period. Innealta Capital LLC bought a new stake in J.B. Hunt Transport Services in the second quarter worth $31,000. nVerses Capital LLC purchased a new stake in J.B. Hunt Transport Services during the second quarter valued at about $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $36,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $179.79 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The firm has a 50-day moving average of $181.39 and a 200 day moving average of $171.07. The company has a market cap of $18.13 billion, a P/E ratio of 32.69, a PEG ratio of 2.90 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the prior year, the company earned $1.80 EPS. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Insider Transactions at J.B. Hunt Transport Services

In related news, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the sale, the chief executive officer now owns 82,264 shares of the company’s stock, valued at $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Spencer Frazier sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,459 shares of company stock valued at $2,136,277 in the last three months. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JBHT. BMO Capital Markets reissued 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. Citigroup boosted their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Benchmark reissued a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Barclays lifted their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, 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 research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.11.

About J.B. Hunt Transport Services

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.