CIBC Asset Management Inc Buys 795 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

CIBC Asset Management Inc boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,400 shares of the transportation company’s stock after buying an additional 795 shares during the quarter. CIBC Asset Management Inc’s holdings in J.B. Hunt Transport Services were worth $2,137,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the third quarter valued at $26,000. Versant Capital Management Inc lifted 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 valued at $30,000 after purchasing an additional 149 shares during the period. Innealta Capital LLC bought a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter worth approximately $36,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Trading Down 2.1 %

NASDAQ JBHT opened at $180.18 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 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50 day moving average price is $176.04 and its two-hundred day moving average price is $168.55. The stock has a market capitalization of $18.17 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 2.90 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the prior year, the company posted $1.80 earnings per share. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays lifted their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. The Goldman Sachs Group dropped their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Stifel Nicolaus upped their price target on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. TD Cowen lifted their price objective on shares of 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, BMO Capital Markets restated an “outperform” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.11.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the 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 completion of the sale, the executive vice president now owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,314 shares of company stock valued at $1,534,052. 2.10% of the stock is owned by insiders.

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.