Nomura Asset Management Co. Ltd. Has $4.36 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Nomura Asset Management Co. Ltd. lessened its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.1% during the third quarter, Holdings Channel reports. The institutional investor owned 25,313 shares of the transportation company’s stock after selling 4,871 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in J.B. Hunt Transport Services were worth $4,362,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC lifted its position in J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at about $26,000. Innealta Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $31,000. nVerses Capital LLC bought a new stake in J.B. Hunt Transport Services during the second quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $36,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.8 %

Shares of JBHT opened at $179.79 on Friday. 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, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The stock has a market capitalization of $18.13 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.90 and a beta of 1.15. The stock has a fifty day moving average of $181.39 and a 200-day moving average of $170.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating 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 return on equity of 13.92% and a net margin of 4.65%. During the same period last year, the company earned $1.80 earnings per share. As a group, sell-side 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.43 per share. The ex-dividend date was Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.96%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.27%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the transaction, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin Bracy sold 1,614 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,563,579.45. This trade represents a 16.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,459 shares of company stock valued at $2,136,277 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JBHT shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Bank of America boosted their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group dropped their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Susquehanna lifted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus upped their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.