Copeland Capital Management LLC Has $1.17 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Copeland Capital Management LLC decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,785 shares of the transportation company’s stock after selling 191 shares during the quarter. Copeland Capital Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,169,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc increased 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 period. Innealta Capital LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth $31,000. nVerses Capital LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth $32,000. Ashton Thomas Private Wealth LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth $36,000. Finally, International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the topic of several recent research reports. Stephens reiterated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Citigroup initiated coverage on J.B. Hunt Transport Services in a research report on Wednesday, October 9th. They issued a “buy” rating and a $201.00 price target on the stock. BMO Capital Markets restated an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Barclays raised their price target on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Bank of America raised their price target on 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 given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.56.

Insider Activity

In other news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $175.62 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The business’s 50 day moving average price is $171.04 and its two-hundred day moving average price is $167.17. The firm has a market cap of $18.12 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15.

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 (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the firm earned $1.80 earnings per share. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.6 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

J.B. Hunt Transport Services Company 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.