Hartford Investment Management Co. Has $870,000 Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hartford Investment Management Co. decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,046 shares of the transportation company’s stock after selling 167 shares during the quarter. Hartford Investment Management Co.’s holdings in J.B. Hunt Transport Services were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Silvercrest Asset Management Group LLC boosted its stake in 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 purchasing an additional 5,767 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of J.B. Hunt Transport Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after buying an additional 25,109 shares during the last quarter. CWM LLC grew its holdings in J.B. Hunt Transport Services by 119.5% during the third quarter. CWM LLC now owns 7,858 shares of the transportation company’s stock worth $1,354,000 after buying an additional 4,278 shares in the last quarter. Jennison Associates LLC raised its position in J.B. Hunt Transport Services by 11.2% in the 1st quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock valued at $39,413,000 after buying an additional 19,987 shares during the last quarter. Finally, FORA Capital LLC lifted its stake in J.B. Hunt Transport Services by 215.2% during the 1st quarter. FORA Capital LLC now owns 14,867 shares of the transportation company’s stock valued at $2,962,000 after acquiring an additional 10,150 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Down 0.6 %

Shares of NASDAQ:JBHT opened at $174.83 on Friday. The firm has a fifty day moving average of $171.77 and a 200 day moving average of $166.82. 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 1.21 and a current ratio of 0.94. The firm has a market capitalization of $17.83 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 3.01 and a beta of 1.15.

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 for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates 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 business posted $1.80 EPS. As a group, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.69 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.43 per share. The ex-dividend date 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%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. TD Cowen increased their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Stifel Nicolaus increased their price objective on shares of 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. The Goldman Sachs Group cut their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Susquehanna increased their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, Benchmark reissued a “buy” rating and issued a $185.00 price objective on shares of J.B. Hunt Transport Services 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.56.

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

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

J.B. Hunt Transport Services 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.