J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stake Reduced by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,972 shares of the transportation company’s stock after selling 797 shares during the period. MetLife Investment Management LLC’s holdings in J.B. Hunt Transport Services were worth $3,614,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in JBHT. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in J.B. Hunt Transport Services by 6.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock valued at $269,611,000 after purchasing an additional 105,500 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of J.B. Hunt Transport Services by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock valued at $231,416,000 after acquiring an additional 5,179 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Parnassus Investments LLC grew its holdings in shares of J.B. Hunt Transport Services by 14.1% in the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after acquiring an additional 93,213 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of J.B. Hunt Transport Services by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after acquiring an additional 12,040 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the subject of a number of recent analyst reports. Susquehanna increased their price target on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Loop Capital lifted their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. The Goldman Sachs Group cut their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. BMO Capital Markets reiterated an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Evercore ISI boosted their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $190.11.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Bracy sold 1,614 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,563,579.45. The trade was a 16.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,314 shares of company stock worth $1,008,962. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Up 0.1 %

JBHT opened at $189.24 on Tuesday. The company has a market capitalization of $19.08 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 3.01 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The business has a 50-day moving average of $178.82 and a 200-day moving average of $169.58.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $1.80 earnings per share. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is presently 31.27%.

About J.B. Hunt Transport Services

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.