Drive Wealth Management LLC Lowers Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Drive Wealth Management LLC decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,652 shares of the transportation company’s stock after selling 85 shares during the period. Drive Wealth Management LLC’s holdings in J.B. Hunt Transport Services were worth $285,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Empirical Finance LLC grew its holdings in J.B. Hunt Transport Services by 2.0% in the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock valued at $492,000 after purchasing an additional 56 shares during the period. Farther Finance Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 18.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock valued at $67,000 after buying an additional 60 shares in the last quarter. Huntington National Bank grew its stake in J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 61 shares during the period. Greenleaf Trust increased its holdings in J.B. Hunt Transport Services by 4.0% in the 3rd quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock worth $276,000 after acquiring an additional 62 shares in the last quarter. Finally, Studio Investment Management LLC raised its position in J.B. Hunt Transport Services by 6.6% during the second quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock worth $162,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.9 %

NASDAQ JBHT opened at $184.00 on Tuesday. The firm’s 50-day moving average is $175.84 and its two-hundred day moving average is $168.44. 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 12 month low of $153.12 and a 12 month high of $219.51. The stock has a market capitalization of $18.55 billion, a P/E ratio of 33.45, a PEG ratio of 2.90 and a beta of 1.14.

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

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.93%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. The Goldman Sachs Group cut their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Bank of America increased their target price on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Loop Capital lifted their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Barclays increased their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $185.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $190.11.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the sale, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at $2,321,275. This represents a 10.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was 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 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,314 shares of company stock valued at $1,534,052. 2.10% of the stock is currently 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.