J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 42.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,930 shares of the transportation company's stock after selling 50,465 shares during the quarter. Capital Fund Management S.A. owned about 0.07% of J.B. Hunt Transport Services worth $11,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in JBHT. Invesco Ltd. lifted its stake in J.B. Hunt Transport Services by 5.1% during the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock worth $362,554,000 after acquiring an additional 104,019 shares in the last quarter. Geode Capital Management LLC increased its stake in J.B. Hunt Transport Services by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock worth $340,049,000 after buying an additional 8,968 shares during the period. Wellington Management Group LLP boosted its position in J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after buying an additional 1,024,295 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of J.B. Hunt Transport Services by 111.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock worth $163,237,000 after acquiring an additional 503,324 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at $146,618,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Up 2.9 %

Shares of NASDAQ JBHT traded up $3.60 on Thursday, hitting $128.33. The company had a trading volume of 792,058 shares, compared to its average volume of 949,684. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The firm has a market capitalization of $12.83 billion, a P/E ratio of 23.03, a PEG ratio of 1.61 and a beta of 1.27. The business has a 50 day moving average of $152.14 and a two-hundred day moving average of $168.65.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.44 dividend. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $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 is available through this link. Also, Director James K. Thompson sold 4,400 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company's stock, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

JBHT has been the topic of several analyst reports. Barclays reduced their target price on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus set a $150.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday. Benchmark reissued a "buy" rating and issued a $175.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday. TD Cowen decreased their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday. Finally, Stephens dropped their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and a consensus price target of $164.24.

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.