Atria Investments Inc Lowers Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Atria Investments Inc reduced its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,925 shares of the transportation company’s stock after selling 161 shares during the quarter. Atria Investments Inc’s holdings in J.B. Hunt Transport Services were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. raised its stake in shares of J.B. Hunt Transport Services by 2,722.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock valued at $108,600,000 after acquiring an additional 525,729 shares during the period. Dimensional Fund Advisors LP raised its position in J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after purchasing an additional 193,684 shares during the period. AQR Capital Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 282.8% during the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after purchasing an additional 128,283 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $19,755,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $16,887,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.8 %

Shares of NASDAQ:JBHT opened at $181.58 on Thursday. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.90 and a beta of 1.14. 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 50 day moving average price of $176.28 and a 200 day moving average price of $168.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share 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 firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter last year, the business posted $1.80 EPS. On average, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.95%. J.B. Hunt Transport Services’s payout ratio is presently 31.27%.

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

In other news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares in the company, valued at $2,321,275. The trade was a 10.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares in the company, 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 a total of 8,314 shares of company stock valued at $1,534,052 in the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JBHT shares. Stifel Nicolaus lifted their price target 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. Susquehanna boosted their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group lowered their price objective on 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. Barclays upped their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Bank of America raised 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. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target 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.