Entropy Technologies LP Has $864,000 Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Entropy Technologies LP cut its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 47.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,060 shares of the transportation company's stock after selling 4,538 shares during the period. Entropy Technologies LP's holdings in J.B. Hunt Transport Services were worth $864,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of JBHT. Catalyst Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services during the third quarter valued at approximately $26,000. True Wealth Design LLC boosted its position in J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock valued at $26,000 after purchasing an additional 142 shares during the last quarter. Cromwell Holdings LLC boosted its position in J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company's stock valued at $41,000 after purchasing an additional 76 shares during the last quarter. Versant Capital Management Inc boosted its position 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 valued at $48,000 after purchasing an additional 142 shares during the last quarter. Finally, Huntington National Bank boosted its position in J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company's stock valued at $59,000 after purchasing an additional 61 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded up $4.52 during mid-day trading on Friday, reaching $169.98. 860,355 shares of the company were exchanged, compared to its average volume of 944,780. The company has a fifty day simple moving average of $173.58 and a 200-day simple moving average of $174.71. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The firm has a market cap of $17.14 billion, a PE ratio of 30.57, a PEG ratio of 1.62 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business earned $1.47 EPS. J.B. Hunt Transport Services's revenue was down 4.5% on a year-over-year basis. As a group, equities research analysts expect 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 firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.44 dividend. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date is Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.04%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.65%.

Insider Activity

In other news, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the transaction, the chief executive officer now owns 82,264 shares in the company, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. The trade was a 17.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,545 shares of company stock worth $1,898,942. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JBHT. Bank of America raised their price objective on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Susquehanna raised J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price objective for the company in a research report on Friday, January 3rd. UBS Group cut their price objective on J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Benchmark reaffirmed a "buy" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Finally, Wells Fargo & Company cut their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.11.

J.B. Hunt Transport Services Company 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.