Huntington National Bank Grows Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Huntington National Bank grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 21.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 341 shares of the transportation company’s stock after purchasing an additional 61 shares during the period. Huntington National Bank’s holdings in J.B. Hunt Transport Services were worth $59,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden increased its holdings in J.B. Hunt Transport Services by 28.2% in the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock worth $2,740,000 after acquiring an additional 3,500 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in shares of J.B. Hunt Transport Services by 24.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock valued at $5,838,000 after acquiring an additional 5,767 shares during the last quarter. Vanguard Group Inc. boosted its holdings in J.B. Hunt Transport Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after purchasing an additional 25,109 shares during the last quarter. CWM LLC grew its position in J.B. Hunt Transport Services by 119.5% in the third quarter. CWM LLC now owns 7,858 shares of the transportation company’s stock worth $1,354,000 after acquiring an additional 4,278 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of J.B. Hunt Transport Services by 2.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock worth $32,861,000 after purchasing an additional 3,910 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Citigroup lifted their target price on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Bank of America upped their price objective 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. Barclays increased their target price on shares of 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, Stephens reaffirmed an “overweight” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average target price of $190.11.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $184.00 on Tuesday. 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 capitalization of $18.55 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.90 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50 day moving average is $175.84 and its 200-day moving average is $168.44.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted 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 business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted $1.80 EPS. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction 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 transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at $786,550.50. This trade represents a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value 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 represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,314 shares of company stock valued at $1,534,052. 2.10% of the stock is currently 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.