E. Ohman J or Asset Management AB Lowers Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

E. Ohman J or Asset Management AB trimmed its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,710 shares of the transportation company’s stock after selling 600 shares during the period. E. Ohman J or Asset Management AB’s holdings in J.B. Hunt Transport Services were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Jacobs Levy Equity Management Inc. lifted its position in shares of J.B. Hunt Transport Services by 2,722.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after buying an additional 525,729 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after buying an additional 193,684 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of J.B. Hunt Transport Services by 282.8% in the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock worth $27,740,000 after buying an additional 128,283 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $19,755,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $16,887,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Loop Capital boosted their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Citigroup assumed coverage on J.B. Hunt Transport Services in a research report on Wednesday, October 9th. They issued a “buy” rating and a $201.00 target price on the stock. Susquehanna boosted their price objective 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. TD Cowen boosted their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley reduced their price objective on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $187.56.

J.B. Hunt Transport Services Trading Down 0.6 %

JBHT opened at $174.83 on Friday. The stock has a market cap of $17.83 billion, a price-to-earnings ratio of 31.79, a P/E/G ratio of 3.01 and a beta of 1.15. The stock’s 50 day moving average price is $171.77 and its 200-day moving average price is $166.82. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.21 and a current ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the prior year, the firm earned $1.80 earnings per share. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.69 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.98%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Insiders Place Their Bets

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

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.