Lecap Asset Management Ltd. Has $1.10 Million Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Lecap Asset Management Ltd. cut its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 45.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,471 shares of the transportation company's stock after selling 5,389 shares during the quarter. Lecap Asset Management Ltd.'s holdings in J.B. Hunt Transport Services were worth $1,104,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services during the 3rd quarter valued at about $26,000. True Wealth Design LLC raised its stake 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 valued at $26,000 after acquiring an additional 142 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in shares of J.B. Hunt Transport Services by 47.2% in the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company's stock worth $41,000 after acquiring an additional 76 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock worth $48,000 after acquiring an additional 142 shares in the last quarter. Finally, Huntington National Bank grew its position in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company's stock worth $59,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Activity

In related news, EVP Eric Mcgee sold 145 shares of the company's 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 directly owns 700 shares of the company's stock, valued at approximately $127,904. This represents a 17.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,545 shares of company stock worth $1,898,942 in the last 90 days. Corporate insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Trading Up 0.2 %

Shares of J.B. Hunt Transport Services stock traded up $0.40 during trading on Tuesday, hitting $167.50. 653,393 shares of the company were exchanged, compared to its average volume of 974,270. 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 capitalization of $16.89 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15. The firm's fifty day moving average price is $174.54 and its 200 day moving average price is $174.85. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (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 analyst estimates 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 for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. As a group, sell-side 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 given a dividend of $0.44 per share. The ex-dividend date is Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 30.94%.

Analysts Set New Price Targets

A number of equities analysts have commented on JBHT shares. Evercore ISI reduced their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus reduced their price target on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating on the stock in a research report on Wednesday, January 15th. Susquehanna raised shares of J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price objective on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. reduced their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Bank of America increased their price target on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and a consensus target price of $191.11.

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.