6,028 J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 23.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,998 shares of the transportation company’s stock after selling 6,028 shares during the period. Nisa Investment Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $4,481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JBHT. BlackRock Inc. bought a new position in J.B. Hunt Transport Services in the second quarter worth $1,833,602,000. Jupiter Topco LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $891,349,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $287,581,000. Park Presidio Capital LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $218,096,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $187,701,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 2.0%

NASDAQ JBHT opened at $226.03 on Friday. The firm has a market cap of $21.23 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.31. J.B. Hunt Transport Services, Inc. has a one year low of $157.82 and a one year high of $299.76. The stock’s 50 day simple moving average is $247.02 and its 200 day simple moving average is $259.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.23 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.59 billion. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $1.76 EPS. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.23 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be paid a $0.45 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.28%.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, September 17th. Sanford C. Bernstein decreased their price target on J.B. Hunt Transport Services from $329.00 to $307.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Morgan Stanley reiterated an “underweight” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, October 16th. Wells Fargo & Company dropped their price objective on J.B. Hunt Transport Services from $305.00 to $285.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $300.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $273.76.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company’s principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.