Horrell Capital Management Inc. Has $9.74 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Horrell Capital Management Inc. decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 56,490 shares of the transportation company’s stock after selling 2,980 shares during the quarter. J.B. Hunt Transport Services makes up approximately 2.9% of Horrell Capital Management Inc.’s holdings, making the stock its 8th largest holding. Horrell Capital Management Inc.’s holdings in J.B. Hunt Transport Services were worth $9,735,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc increased its position 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 buying an additional 149 shares in the last quarter. Innealta Capital LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth about $31,000. nVerses Capital LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth about $32,000. Ashton Thomas Private Wealth LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth about $36,000. Finally, Cromwell Holdings LLC increased its holdings in J.B. Hunt Transport Services by 47.2% during the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock worth $41,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JBHT. JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Citigroup began coverage on J.B. Hunt Transport Services in a report on Wednesday, October 9th. They set a “buy” rating and a $201.00 target price for the company. Loop Capital increased their target price 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. Stephens restated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus increased their price objective on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $187.56.

J.B. Hunt Transport Services Stock Performance

JBHT stock traded up $0.08 during mid-day trading on Tuesday, hitting $178.96. 95,243 shares of the company were exchanged, compared to its average volume of 852,236. The business has a 50 day simple moving average of $171.84 and a 200-day simple moving average of $166.60. The company has a current ratio of 0.94, a quick ratio of 1.21 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $18.47 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 3.01 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data 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. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period last year, the business posted $1.80 earnings per share. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.69 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.96%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

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.