FORA Capital LLC Sells 5,957 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

FORA Capital LLC cut its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 55.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,807 shares of the transportation company’s stock after selling 5,957 shares during the period. FORA Capital LLC’s holdings in J.B. Hunt Transport Services were worth $828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Studio Investment Management LLC raised its holdings in shares of J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock worth $184,000 after buying an additional 55 shares in the last quarter. Empirical Finance LLC raised its position in shares of J.B. Hunt Transport Services by 2.0% during the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock worth $492,000 after acquiring an additional 56 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 18.3% during the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after buying an additional 60 shares during the period. Huntington National Bank boosted its position in J.B. Hunt Transport Services by 21.8% during the third 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 last quarter. Finally, Greenleaf Trust boosted its position in J.B. Hunt Transport Services by 4.0% during the third quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock valued at $276,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Bank of America boosted their price objective on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays boosted their price target 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. TD Cowen raised their price objective on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. BMO Capital Markets reiterated an “outperform” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Susquehanna raised their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.11.

J.B. Hunt Transport Services Price Performance

JBHT opened at $190.31 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 34.60, a P/E/G ratio of 3.00 and a beta of 1.14. The firm’s fifty day moving average price is $178.11 and its two-hundred day moving average price is $169.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $1.80 earnings per share. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.90%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Insider Buying and Selling at J.B. Hunt Transport Services

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

J.B. Hunt Transport Services 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.