2,454 J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 18.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,080 shares of the transportation company’s stock after selling 2,454 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in J.B. Hunt Transport Services were worth $2,504,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $1,833,602,000. Jupiter Topco LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at about $891,349,000. Janus Henderson Group PLC boosted its stake in J.B. Hunt Transport Services by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock valued at $843,937,000 after purchasing an additional 41,887 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in J.B. Hunt Transport Services by 64.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,056,398 shares of the transportation company’s stock worth $305,753,000 after purchasing an additional 414,837 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter worth approximately $287,581,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded down $1.44 during mid-day trading on Friday, reaching $217.55. 696,815 shares of the company were exchanged, compared to its average volume of 940,348. J.B. Hunt Transport Services, Inc. has a 52 week low of $157.82 and a 52 week high of $299.76. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $20.28 billion, a PE ratio of 30.55, a PEG ratio of 1.86 and a beta of 1.26. The company’s 50 day moving average price is $237.66 and its 200 day moving average price is $246.19.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, October 15th. The transportation company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.01. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the business posted $1.76 EPS. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.25 earnings per share for the current fiscal 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 paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is 25.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JBHT. Robert W. Baird reduced their target price on shares of J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th. Sanford C. Bernstein dropped their price target on shares of J.B. Hunt Transport Services from $329.00 to $307.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. William Blair set a $300.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. BMO Capital Markets set a $315.00 target price on J.B. Hunt Transport Services in a research note on Wednesday, October 7th. Finally, Truist Financial reduced their target price on J.B. Hunt Transport Services from $295.00 to $235.00 and set a “hold” rating for the company in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $273.76.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services is a transportation and logistics company that provides freight services across North America. Its offerings include intermodal transportation, dedicated contract carriage, truckload services, freight brokerage and final-mile delivery.

The company’s intermodal business combines rail and truck transportation, while its dedicated services provide customers with vehicles, drivers and related transportation operations. Through its logistics and brokerage operations, J.B.