Commerce Bank Trims Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Commerce Bank reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 27.2% in the third quarter, HoldingsChannel reports. The fund owned 5,393 shares of the transportation company’s stock after selling 2,019 shares during the period. Commerce Bank’s holdings in J.B. Hunt Transport Services were worth $929,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of JBHT. Catalyst Capital Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $26,000. Versant Capital Management Inc raised its stake in J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after buying an additional 149 shares during the last quarter. Innealta Capital LLC bought a new stake in J.B. Hunt Transport Services in the second quarter worth $31,000. nVerses Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $36,000. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In other 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 transaction of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. Also, SVP Kevin Bracy sold 1,614 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock worth $1,008,962 over the last 90 days. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on JBHT. Benchmark restated a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Bank of America increased their target price on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. BMO Capital Markets restated an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Evercore ISI increased their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Susquehanna boosted their target price on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.11.

J.B. Hunt Transport Services Trading Up 0.5 %

Shares of J.B. Hunt Transport Services stock opened at $182.40 on Monday. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $176.81 and a 200-day moving average price of $168.85. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.89 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same quarter last year, the business posted $1.80 EPS. Equities research 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 was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 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.