Aster Capital Management DIFC Ltd Decreases Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Aster Capital Management DIFC Ltd cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 95.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 284 shares of the transportation company's stock after selling 5,994 shares during the period. Aster Capital Management DIFC Ltd's holdings in J.B. Hunt Transport Services were worth $48,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of JBHT. Arvest Bank Trust Division bought a new stake in shares of J.B. Hunt Transport Services during the third quarter worth $1,578,000. Smartleaf Asset Management LLC grew its stake in shares of J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares during the last quarter. Abound Wealth Management raised its position in J.B. Hunt Transport Services by 145,850.0% during the 4th quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock worth $498,000 after purchasing an additional 2,917 shares during the last quarter. Keybank National Association OH acquired a new position in J.B. Hunt Transport Services during the 4th quarter worth about $255,000. Finally, LPL Financial LLC boosted its holdings in J.B. Hunt Transport Services by 56.7% in the fourth quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock valued at $11,810,000 after acquiring an additional 25,034 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Down 1.7 %

NASDAQ:JBHT traded down $2.30 during trading hours on Tuesday, reaching $135.52. The company's stock had a trading volume of 383,869 shares, compared to its average volume of 939,489. J.B. Hunt Transport Services, Inc. has a 12 month low of $127.05 and a 12 month high of $200.40. The stock has a 50 day moving average price of $153.65 and a two-hundred day moving average price of $169.19. The company has a market capitalization of $13.55 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. 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 - Get Free Report) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the business earned $1.47 earnings per share. J.B. Hunt Transport Services's revenue was down 4.5% on a year-over-year basis. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.30%. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services's payout ratio is presently 31.65%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Citigroup dropped their price target on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group decreased their price objective on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Stifel Nicolaus reduced their price objective on shares of J.B. Hunt Transport Services from $174.00 to $158.00 and set a "hold" rating for the company in a report on Monday. Raymond James decreased their price target 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. Finally, UBS Group decreased their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $177.55.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 1,200 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares of the company's stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Profile

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.