J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is Sib LLC's 5th Largest Position

Sib LLC trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 6.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 92,140 shares of the transportation company's stock after selling 6,467 shares during the period. J.B. Hunt Transport Services accounts for approximately 8.3% of Sib LLC's investment portfolio, making the stock its 5th biggest position. Sib LLC owned 0.09% of J.B. Hunt Transport Services worth $15,725,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Studio Investment Management LLC increased its stake in shares of J.B. Hunt Transport Services by 5.4% in the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company's stock valued at $184,000 after acquiring an additional 55 shares in the last quarter. iA Global Asset Management Inc. grew its stake in J.B. Hunt Transport Services by 2.6% in the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company's stock valued at $368,000 after acquiring an additional 55 shares during the period. Empirical Finance LLC increased its holdings in shares of J.B. Hunt Transport Services by 2.0% during the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company's stock valued at $492,000 after acquiring an additional 56 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 18.3% during the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company's stock worth $67,000 after purchasing an additional 60 shares during the period. Finally, Huntington National Bank grew its position in J.B. Hunt Transport Services by 21.8% in the 3rd 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 period. 74.95% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Darren P. Field sold 1,500 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the sale, the executive vice president now owns 4,050 shares in the company, valued at $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock valued at $2,136,277 in the last quarter. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT traded down $13.75 during trading hours on Friday, hitting $172.45. 3,299,167 shares of the company's stock traded hands, compared to its average volume of 555,105. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $17.39 billion, a PE ratio of 31.35, a PEG ratio of 2.94 and a beta of 1.16. The firm's 50-day moving average is $180.08 and its 200-day moving average is $173.95.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results 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). J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business earned $1.47 EPS. The firm's quarterly revenue was down 4.5% on a year-over-year basis. Equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JBHT. UBS Group dropped their price objective on shares of 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. Benchmark reaffirmed a "buy" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday. Wells Fargo & Company decreased their price target 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 note on Friday. Bank of America increased their target price on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, TD Cowen dropped their price objective on J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating on the stock in a report on Friday. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and an average target price of $191.67.

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.