Cutler Group LP Invests $189,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

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Cutler Group LP acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,500 shares of the transportation company’s stock, valued at approximately $189,000.

Several other institutional investors also recently made changes to their positions in the company. New Mexico Educational Retirement Board grew its stake in shares of J.B. Hunt Transport Services by 17.5% in the third quarter. New Mexico Educational Retirement Board now owns 6,700 shares of the transportation company’s stock worth $741,000 after acquiring an additional 1,000 shares during the last quarter. Villere ST Denis J & Co. LLC boosted its stake in J.B. Hunt Transport Services by 1.4% during the third quarter. Villere ST Denis J & Co. LLC now owns 208,039 shares of the transportation company’s stock worth $26,291,000 after buying an additional 2,789 shares in the last quarter. Ethic Inc. boosted its stake in J.B. Hunt Transport Services by 28.9% during the third quarter. Ethic Inc. now owns 2,384 shares of the transportation company’s stock worth $301,000 after buying an additional 534 shares in the last quarter. Colonial Trust Advisors acquired a new stake in J.B. Hunt Transport Services during the third quarter worth $253,000. Finally, Alberta Investment Management Corp acquired a new stake in J.B. Hunt Transport Services during the third quarter worth $2,287,000. Institutional investors and hedge funds own 73.39% of the company’s stock.

JBHT has been the topic of a number of recent research reports. Credit Suisse Group decreased their price target on shares of J.B. Hunt Transport Services from $140.00 to $131.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Zacks Investment Research downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating and set a $131.00 price target on the stock. in a research note on Wednesday, July 8th. Stephens lifted their price target on shares of J.B. Hunt Transport Services from $132.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. KeyCorp lifted their price target on shares of J.B. Hunt Transport Services from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Finally, Raymond James lifted their price target on shares of J.B. Hunt Transport Services from $117.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Thirteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $135.26.

In other J.B. Hunt Transport Services news, insider Terrence D. Matthews sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $141.00, for a total transaction of $141,000.00. Also, CEO John N. Roberts sold 7,400 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $135.17, for a total value of $1,000,258.00. Following the sale, the chief executive officer now directly owns 321,727 shares of the company’s stock, valued at $43,487,838.59. The disclosure for this sale can be found here. Insiders sold 97,163 shares of company stock valued at $13,352,218 over the last ninety days. 3.51% of the stock is currently owned by company insiders.

Shares of J.B. Hunt Transport Services stock traded down $0.24 during trading on Friday, reaching $122.10. The company’s stock had a trading volume of 4,626 shares, compared to its average volume of 886,838. The stock has a 50-day moving average price of $130.95 and a two-hundred day moving average price of $123.07. The company has a current ratio of 1.58, a quick ratio of 1.59 and a debt-to-equity ratio of 0.52. J.B. Hunt Transport Services, Inc. has a one year low of $75.29 and a one year high of $144.35. The stock has a market capitalization of $12.91 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 1.72 and a beta of 1.00.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Friday, October 16th. The transportation company reported $1.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.08). J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 21.07%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 4.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.88%. J.B. Hunt Transport Services’s dividend payout ratio is 22.09%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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