Intrust Bank NA raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 12.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,740 shares of the transportation company’s stock after buying an additional 516 shares during the period. Intrust Bank NA’s holdings in J.B. Hunt Transport Services were worth $526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its stake in shares of J.B. Hunt Transport Services by 1.0% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 143,459 shares of the transportation company’s stock worth $13,109,000 after purchasing an additional 1,439 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in J.B. Hunt Transport Services by 0.8% in the 2nd quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock worth $238,000 after buying an additional 20 shares in the last quarter. Legal & General Group Plc increased its stake in J.B. Hunt Transport Services by 10.8% in the 2nd quarter. Legal & General Group Plc now owns 464,511 shares of the transportation company’s stock worth $42,446,000 after buying an additional 45,277 shares in the last quarter. Stephens Inc. AR increased its stake in J.B. Hunt Transport Services by 12.2% in the 2nd quarter. Stephens Inc. AR now owns 33,243 shares of the transportation company’s stock worth $3,038,000 after buying an additional 3,617 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in J.B. Hunt Transport Services by 18.7% in the 2nd quarter. Victory Capital Management Inc. now owns 20,718 shares of the transportation company’s stock worth $1,893,000 after buying an additional 3,267 shares in the last quarter. Institutional investors and hedge funds own 71.91% of the company’s stock.

A number of equities research analysts have issued reports on JBHT shares. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research note on Tuesday, September 19th. Cowen and Company reiterated a “buy” rating and issued a $102.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. Loop Capital reiterated a “buy” rating and issued a $103.00 price target (down previously from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. KeyCorp reiterated a “buy” rating and issued a $115.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, September 22nd. Finally, Stifel Nicolaus raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and increased their price objective for the company from $91.00 to $125.00 in a report on Friday, September 29th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.41.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at $102.58 on Tuesday. The company has a market cap of $11,178.23, a P/E ratio of 27.68, a PEG ratio of 2.08 and a beta of 1.05. J.B. Hunt Transport Services, Inc. has a 1 year low of $83.35 and a 1 year high of $111.98. 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 (NASDAQ:JBHT) last issued its earnings results on Friday, October 13th. The transportation company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.97 earnings per share. research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 3.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, November 2nd. J.B. Hunt Transport Services’s payout ratio is 24.47%.

In other J.B. Hunt Transport Services news, Director Earl Wayne Garrison sold 36,030 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $100.23, for a total value of $3,611,286.90. Following the completion of the sale, the director now directly owns 2,213,970 shares in the company, valued at $221,906,213.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Shelley Simpson sold 3,700 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $97.05, for a total transaction of $359,085.00. Following the completion of the sale, the executive vice president now owns 55,944 shares of the company’s stock, valued at $5,429,365.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,119,424 shares of company stock worth $110,920,966. 4.30% of the stock is currently owned by corporate insiders.

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J.B. Hunt Transport Services 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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