J.B. Hunt Transport Services, Inc. $JBHT Stock Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 18.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,080 shares of the transportation company’s stock after selling 2,454 shares during the period. Chicago Partners Investment Group LLC’s holdings in J.B. Hunt Transport Services were worth $2,504,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Rakuten Investment Management Inc. increased its holdings in shares of J.B. Hunt Transport Services by 8.1% in the 3rd quarter. Rakuten Investment Management Inc. now owns 13,245 shares of the transportation company’s stock valued at $3,037,000 after acquiring an additional 992 shares during the period. Provenance Wealth Advisors LLC increased its holdings in J.B. Hunt Transport Services by 6,733.3% in the third quarter. Provenance Wealth Advisors LLC now owns 410 shares of the transportation company’s stock valued at $92,000 after buying an additional 404 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its position in J.B. Hunt Transport Services by 7.9% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,035 shares of the transportation company’s stock worth $232,000 after purchasing an additional 76 shares in the last quarter. Signature Equity Partners LLC lifted its stake in J.B. Hunt Transport Services by 16.7% in the 3rd quarter. Signature Equity Partners LLC now owns 350 shares of the transportation company’s stock valued at $78,000 after buying an additional 50 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in J.B. Hunt Transport Services by 1.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 173,311 shares of the transportation company’s stock worth $38,830,000 after purchasing an additional 3,198 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of recent research reports. Zacks Research lowered J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. The Goldman Sachs Group reissued a “neutral” rating and set a $252.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, October 19th. Bank of America decreased their price objective on shares of J.B. Hunt Transport Services from $340.00 to $302.00 and set a “buy” rating for the company in a report on Wednesday, September 16th. Robert W. Baird decreased 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 research report on Thursday, September 17th. Finally, Barclays cut their price target on J.B. Hunt Transport Services from $300.00 to $285.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $273.76.

J.B. Hunt Transport Services Stock Performance

JBHT traded down $1.44 on Friday, hitting $217.55. 696,815 shares of the stock traded hands, compared to its average volume of 940,348. J.B. Hunt Transport Services, Inc. has a 52 week low of $157.82 and a 52 week high of $299.76. The firm has a market capitalization of $20.28 billion, a PE ratio of 30.55, a P/E/G ratio of 1.86 and a beta of 1.26. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average price of $237.66 and a two-hundred day moving average price of $246.19.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.01. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.59 billion. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.76 EPS. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.25 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders 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 annualized dividend and a yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is presently 25.28%.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services is a transportation and logistics company that provides freight services across North America. Its offerings include intermodal transportation, dedicated contract carriage, truckload services, freight brokerage and final-mile delivery.

The company’s intermodal business combines rail and truck transportation, while its dedicated services provide customers with vehicles, drivers and related transportation operations. Through its logistics and brokerage operations, J.B.