Comerica Bank lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 35,134 shares of the transportation company’s stock after buying an additional 513 shares during the quarter. Comerica Bank’s holdings in J.B. Hunt Transport Services were worth $3,699,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC lifted its position in shares of J.B. Hunt Transport Services by 6.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock worth $102,000 after buying an additional 68 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in J.B. Hunt Transport Services by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 43 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its position in J.B. Hunt Transport Services by 3.1% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 50 shares during the last quarter. Parkwood LLC bought a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at about $202,000. Finally, Morse Asset Management Inc bought a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at about $211,000. Institutional investors own 71.22% of the company’s stock.

Several analysts recently weighed in on JBHT shares. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Tuesday, September 19th. Cowen Inc reiterated a “buy” rating and issued a $102.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, August 25th. Stifel Nicolaus upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and lifted their price objective for the company from $91.00 to $125.00 in a research report on Friday, September 29th. KeyCorp reiterated a “buy” rating and issued a $115.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, September 22nd. Finally, Loop Capital reiterated a “buy” rating and issued a $116.00 price objective (up from $103.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 4th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $109.41.

J.B. Hunt Transport Services, Inc. (JBHT) opened at $104.16 on Friday. The company has a market cap of $11,431.77, a PE ratio of 28.30, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.48 and a current ratio of 1.48. J.B. Hunt Transport Services, Inc. has a 52 week low of $83.35 and a 52 week high of $111.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Friday, October 13th. The transportation company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 3.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, November 2nd. This represents a $0.92 annualized dividend and a yield of 0.88%. J.B. Hunt Transport Services’s payout ratio is 24.47%.

In other news, Director Earl Wayne Garrison sold 100,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $109.29, for a total value of $10,929,000.00. Following the transaction, the director now owns 2,050,000 shares of the company’s stock, valued at approximately $224,044,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder J B. Hunt Llc sold 975,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $98.00, for a total transaction of $95,550,000.00. Following the completion of the transaction, the insider now directly owns 17,477,085 shares in the company, valued at approximately $1,712,754,330. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,115,724 shares of company stock worth $110,561,881. 4.30% of the stock is owned by corporate insiders.

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J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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