J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lessened its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,777 shares of the transportation company’s stock after selling 995 shares during the period. Tower Research Capital LLC TRC’s holdings in J.B. Hunt Transport Services were worth $815,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JBHT. National Pension Service acquired a new position in J.B. Hunt Transport Services during the 4th quarter valued at about $30,000. BankPlus Trust Department acquired a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at approximately $34,000. Versant Capital Management Inc raised its holdings in J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after purchasing an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after purchasing an additional 134 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 86 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Nicholas Hobbs acquired 1,529 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the acquisition, the chief operating officer now owns 91,847 shares in the company, valued at $12,008,995.25. The trade was a 1.69 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Stock Down 2.4 %

J.B. Hunt Transport Services stock opened at $129.73 on Friday. The firm’s 50 day moving average price is $146.71 and its two-hundred day moving average price is $166.84. The firm has a market cap of $12.97 billion, a PE ratio of 23.33, a P/E/G ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.92 billion. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.36%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.94%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JBHT shares. Raymond James cut their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a “hold” rating and a $167.00 price objective for the company. Barclays cut their target price on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Stephens decreased their price target on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup cut their price objective on J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $162.20.

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.