J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is Legacy Capital Wealth Partners LLC's 4th Largest Position

Legacy Capital Wealth Partners LLC lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,333 shares of the transportation company's stock after selling 4,321 shares during the period. J.B. Hunt Transport Services makes up approximately 4.5% of Legacy Capital Wealth Partners LLC's portfolio, making the stock its 4th largest position. Legacy Capital Wealth Partners LLC owned approximately 0.12% of J.B. Hunt Transport Services worth $20,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JBHT. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services in the 3rd quarter worth approximately $26,000. True Wealth Design LLC grew its holdings in shares of J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock worth $26,000 after acquiring an additional 142 shares during the period. Cromwell Holdings LLC grew its holdings in shares of J.B. Hunt Transport Services by 47.2% in the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company's stock worth $41,000 after acquiring an additional 76 shares during the period. Versant Capital Management Inc increased 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 acquiring an additional 142 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company's stock valued at $59,000 after acquiring an additional 61 shares during the period. 74.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JBHT shares. Evercore ISI reduced their price target on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Susquehanna upgraded shares of J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price target on the stock in a research report on Friday, January 3rd. Stephens reissued an "overweight" rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. UBS Group decreased their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Finally, Citigroup cut their price target on J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating for the company in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.11.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee sold 145 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the transaction, the executive vice president now directly owns 700 shares in the company, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now 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. In the last quarter, insiders sold 10,545 shares of company stock worth $1,898,942. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT traded down $4.99 during mid-day trading on Wednesday, reaching $169.27. The stock had a trading volume of 1,131,657 shares, compared to its average volume of 954,186. The company has a market cap of $17.07 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.15. The business's 50 day moving average price is $172.92 and its 200 day moving average price is $174.78. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $214.39.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm's revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 earnings per share. Research analysts expect 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 company also recently announced 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.04%. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's dividend payout ratio is currently 31.65%.

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.