J B Hunt Transport Services Inc (NASDAQ:JBHT) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY decreased its holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 18.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,059 shares of the transportation company’s stock after selling 3,225 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in J B Hunt Transport Services were worth $1,556,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JBHT. LS Investment Advisors LLC increased its position in J B Hunt Transport Services by 2.7% during the second quarter. LS Investment Advisors LLC now owns 3,964 shares of the transportation company’s stock worth $362,000 after purchasing an additional 105 shares during the last quarter. Securian Asset Management Inc grew its stake in shares of J B Hunt Transport Services by 1.2% during the 2nd quarter. Securian Asset Management Inc now owns 8,924 shares of the transportation company’s stock valued at $816,000 after buying an additional 106 shares during the period. Meadow Creek Investment Management LLC increased its holdings in shares of J B Hunt Transport Services by 2.2% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 5,104 shares of the transportation company’s stock worth $467,000 after buying an additional 110 shares during the last quarter. Veritable L.P. increased its holdings in shares of J B Hunt Transport Services by 5.3% during the 2nd quarter. Veritable L.P. now owns 2,205 shares of the transportation company’s stock worth $202,000 after buying an additional 111 shares during the last quarter. Finally, FTB Advisors Inc. raised its position in shares of J B Hunt Transport Services by 49.2% in the 2nd quarter. FTB Advisors Inc. now owns 373 shares of the transportation company’s stock worth $34,000 after buying an additional 123 shares during the period. Institutional investors own 75.43% of the company’s stock.

JBHT stock opened at $111.79 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 1.29. J B Hunt Transport Services Inc has a 1 year low of $83.64 and a 1 year high of $122.29. The firm has a market cap of $12.32 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 1.42 and a beta of 1.12. The stock has a 50-day simple moving average of $116.86 and a 200-day simple moving average of $103.88.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.40 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.05). The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. J B Hunt Transport Services had a return on equity of 28.45% and a net margin of 5.46%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $1.47 earnings per share. On average, equities research analysts predict that J B Hunt Transport Services Inc will post 5.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.93%. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.

In other J B Hunt Transport Services news, Director Earl Wayne Garrison sold 100,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $120.22, for a total value of $12,022,000.00. Following the completion of the transaction, the director now directly owns 1,583,354 shares of the company’s stock, valued at approximately $190,350,817.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Nicholas Hobbs sold 3,310 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $120.29, for a total transaction of $398,159.90. Following the completion of the transaction, the executive vice president now directly owns 58,209 shares of the company’s stock, valued at $7,001,960.61. The disclosure for this sale can be found here. Insiders have sold 129,975 shares of company stock worth $15,530,972 in the last quarter. Insiders own 3.60% of the company’s stock.

A number of research analysts recently weighed in on the company. UBS Group lifted their target price on J B Hunt Transport Services from $98.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. Cowen reaffirmed a “market perform” rating and issued a $108.00 price objective (down from $113.00) on shares of J B Hunt Transport Services in a research note on Wednesday, October 16th. Morgan Stanley reduced their price objective on J B Hunt Transport Services from $88.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 16th. BidaskClub cut J B Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Friday. Finally, ValuEngine downgraded shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $110.29.

About J B Hunt Transport Services

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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