6,028 J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 23.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,998 shares of the transportation company’s stock after selling 6,028 shares during the period. Nisa Investment Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $4,481,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $1,833,602,000. Bank of America Corp DE lifted its stake in shares of J.B. Hunt Transport Services by 2.4% during the first quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock valued at $96,332,000 after acquiring an additional 10,664 shares during the period. Junto Capital Management LP boosted its holdings in J.B. Hunt Transport Services by 9.3% in the second quarter. Junto Capital Management LP now owns 426,492 shares of the transportation company’s stock valued at $123,440,000 after acquiring an additional 36,149 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in J.B. Hunt Transport Services in the first quarter valued at about $1,054,000. Finally, Bank of Nova Scotia increased its position in J.B. Hunt Transport Services by 45.7% in the first quarter. Bank of Nova Scotia now owns 39,514 shares of the transportation company’s stock worth $8,373,000 after purchasing an additional 12,386 shares during the period. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Price Performance

JBHT opened at $226.03 on Friday. The stock has a market cap of $21.23 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.92 and a beta of 1.31. J.B. Hunt Transport Services, Inc. has a 12 month low of $157.82 and a 12 month high of $299.76. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $247.02 and a 200 day simple moving average of $259.58.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.01. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.23 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be given a $0.45 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is currently 25.28%.

Analysts Set New Price Targets

Several analysts have weighed in on JBHT shares. UBS Group boosted their price objective on J.B. Hunt Transport Services from $264.00 to $273.00 and gave the stock a “neutral” rating in a report on Friday, October 16th. JPMorgan Chase & Co. reduced their target price on shares of J.B. Hunt Transport Services from $287.00 to $283.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Wells Fargo & Company reduced their target price on shares of J.B. Hunt Transport Services from $305.00 to $285.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. BMO Capital Markets set a $315.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 7th. Finally, Raymond James Financial set a $283.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $273.76.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company’s principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.