J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2,384.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 156,097 shares of the transportation company’s stock after acquiring an additional 149,815 shares during the period. Mizuho Securities USA LLC’s holdings in J.B. Hunt Transport Services were worth $25,297,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the third quarter valued at $26,000. Versant Capital Management Inc grew its position in J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after buying an additional 149 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth $31,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in J.B. Hunt Transport Services during the second quarter valued at about $36,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. This represents a 17.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the sale, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,314 shares of company stock worth $1,534,052 in the last ninety days. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Down 1.2 %

JBHT stock opened at $182.35 on Friday. The firm has a market cap of $18.39 billion, a PE ratio of 33.15, a PEG ratio of 3.23 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The company has a fifty day simple moving average of $175.60 and a 200 day simple moving average of $168.23. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The company had revenue of $3.07 billion for 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 quarter last year, the firm posted $1.80 earnings per share. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders 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 dividend yield of 0.94%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and set a $185.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. The Goldman Sachs Group cut their target price on shares of 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. Evercore ISI raised their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays upped their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, TD Cowen lifted their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $190.11.

J.B. Hunt Transport Services Company 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.