Entropy Technologies LP Lowers Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Entropy Technologies LP cut its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 41.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,598 shares of the transportation company’s stock after selling 6,933 shares during the period. Entropy Technologies LP’s holdings in J.B. Hunt Transport Services were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in J.B. Hunt Transport Services by 18.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after buying an additional 60 shares in the last quarter. Greenleaf Trust raised its stake in J.B. Hunt Transport Services by 4.0% during the 3rd quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock valued at $276,000 after purchasing an additional 62 shares during the period. Studio Investment Management LLC lifted its holdings in J.B. Hunt Transport Services by 6.6% in the 2nd quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock worth $162,000 after purchasing an additional 63 shares in the last quarter. New Century Financial Group LLC boosted its stake in J.B. Hunt Transport Services by 3.9% in the 3rd quarter. New Century Financial Group LLC now owns 1,725 shares of the transportation company’s stock worth $297,000 after purchasing an additional 64 shares during the period. Finally, Cromwell Holdings LLC grew its holdings in J.B. Hunt Transport Services by 47.2% during the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $192.54 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $19.41 billion, a P/E ratio of 35.01, a price-to-earnings-growth ratio of 3.28 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’s 50-day moving average is $174.68 and its 200 day moving average is $167.83.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the business posted $1.80 earnings per share. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Analysts Set New Price Targets

Several research firms have recently commented on JBHT. Loop Capital boosted 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 report on Thursday, October 17th. Stephens reissued an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Evercore ISI boosted 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. TD Cowen raised their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Barclays upped their price objective on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Insider Transactions at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,563,579.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the transaction, the executive vice president now owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, November 7th. The shares were 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 $1,563,579.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,314 shares of company stock worth $1,534,052. Insiders own 2.10% of the company’s stock.

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.