J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.1% in the third quarter, HoldingsChannel.com reports. The fund owned 16,602 shares of the transportation company’s stock after acquiring an additional 799 shares during the quarter. Daiwa Securities Group Inc.’s holdings in J.B. Hunt Transport Services were worth $2,861,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in JBHT. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services during the third quarter worth about $26,000. Versant Capital Management Inc raised its position in J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after buying an additional 149 shares during the last quarter. Innealta Capital LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $31,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $190.31 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $177.69 and a 200 day moving average price of $169.12. 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 cap of $19.19 billion, a P/E ratio of 34.60, a PEG ratio of 3.00 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, beating the consensus estimate of $1.42 by $0.07. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $1.80 EPS. 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 Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JBHT. Stifel Nicolaus raised their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. The Goldman Sachs Group reduced 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. Susquehanna upped their target price 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. Barclays lifted 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 report on Wednesday, November 13th. Finally, Evercore ISI upped their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research 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. Based on data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $190.11.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares of the company’s stock, valued at $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the sale, the executive vice president now directly owns 4,050 shares in the company, valued at $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. In the last ninety days, insiders sold 5,314 shares of company stock valued at $1,008,962. 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.