QRG Capital Management Inc. Has $1.88 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

QRG Capital Management Inc. lessened its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 46.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,024 shares of the transportation company's stock after selling 9,441 shares during the period. QRG Capital Management Inc.'s holdings in J.B. Hunt Transport Services were worth $1,881,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JBHT. Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services in the 3rd quarter worth approximately $26,000. True Wealth Design LLC raised its position in J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock worth $26,000 after purchasing an additional 142 shares during the last quarter. National Pension Service bought a new position in J.B. Hunt Transport Services in the 4th quarter worth approximately $30,000. BankPlus Trust Department bought a new position in J.B. Hunt Transport Services in the 4th quarter worth approximately $34,000. Finally, Versant Capital Management Inc raised its position in 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 purchasing an additional 142 shares during the last quarter. Institutional investors own 74.95% of the company's stock.

Insider Buying and Selling

In related news, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction 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 transaction, the director now directly owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric Mcgee sold 145 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the transaction, the executive vice president now owns 700 shares of the company's stock, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Trading Up 0.3 %

Shares of JBHT traded up $0.44 during trading hours on Thursday, reaching $160.48. The stock had a trading volume of 271,849 shares, compared to its average volume of 849,424. 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 52 week low of $153.12 and a 52 week high of $204.43. The firm has a 50-day moving average of $170.45 and a 200 day moving average of $174.59. The company has a market cap of $16.05 billion, a P/E ratio of 28.93, a P/E/G ratio of 1.61 and a beta of 1.15.

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 analysts' consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. J.B. Hunt Transport Services's revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 earnings per share. On average, 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 business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change 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 1.10%. J.B. Hunt Transport Services's dividend payout ratio is presently 31.65%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Susquehanna upgraded shares of 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. JPMorgan Chase & Co. dropped their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Evercore ISI dropped their target price 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. Benchmark reiterated a "buy" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Finally, Wells Fargo & Company dropped their target price on shares of 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 investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.