Mutual of America Capital Management LLC Decreases Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mutual of America Capital Management LLC lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,923 shares of the transportation company’s stock after selling 363 shares during the quarter. Mutual of America Capital Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,710,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JBHT. Catalyst Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at $26,000. Versant Capital Management Inc grew its stake in shares of J.B. Hunt Transport Services by 382.1% in the second 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 purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services in the second quarter worth approximately $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $36,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on JBHT. BMO Capital Markets reiterated 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. Benchmark reaffirmed a “buy” rating and set a $185.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Bank of America upped their price target on shares of 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. Barclays lifted their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Finally, TD Cowen lifted their target price on 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. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.11.

J.B. Hunt Transport Services Stock Up 0.5 %

Shares of J.B. Hunt Transport Services stock opened at $182.40 on Monday. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 2.89 and a beta of 1.14. The stock has a 50-day simple moving average of $176.81 and a 200-day simple moving average of $168.85. 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 52-week low of $153.12 and a 52-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 net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the prior year, the company posted $1.80 EPS. On average, equities research analysts expect 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 declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.94%. The ex-dividend date 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, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction dated 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 sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value 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 disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock valued at $1,008,962 over the last three months. Company insiders own 2.10% of the company’s stock.

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.