J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 78.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,426 shares of the transportation company's stock after selling 5,162 shares during the period. SG Americas Securities LLC's holdings in J.B. Hunt Transport Services were worth $243,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in shares of J.B. Hunt Transport Services by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company's stock valued at $581,567,000 after buying an additional 22,563 shares during the last quarter. State Street Corp boosted its stake in J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after acquiring an additional 19,826 shares in the last quarter. Parnassus Investments LLC increased its position in shares of J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock worth $129,765,000 after purchasing an additional 93,213 shares in the last quarter. Stifel Financial Corp increased its position in shares of J.B. Hunt Transport Services by 1.4% during the third quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company's stock worth $110,524,000 after purchasing an additional 8,997 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock valued at $95,419,000 after purchasing an additional 12,040 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the business'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 owns 700 shares of the company's stock, valued at $127,904. This trade represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,545 shares of company stock valued at $1,898,942 in the last 90 days. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Price Performance

JBHT stock traded up $0.95 on Monday, reaching $167.10. 724,141 shares of the company's stock were exchanged, compared to its average volume of 986,613. The stock has a fifty day moving average of $174.89 and a 200-day moving average of $174.87. The firm has a market cap of $16.85 billion, a PE ratio of 30.05, a P/E/G ratio of 1.62 and a beta of 1.15. 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 twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly 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). 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 analyst estimates of $3.13 billion. During the same period last year, the company earned $1.47 earnings per share. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, equities analysts predict 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. Shareholders of record on Friday, February 7th will be issued 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 of this dividend is Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.05%. J.B. Hunt Transport Services's dividend payout ratio is 30.94%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on JBHT shares. UBS Group dropped their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered 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. TD Cowen reduced their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating for the company in a research report on Friday, January 17th. 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. Finally, Barclays lifted their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average price target 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.