Twin Tree Management LP Sells 5,657 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Twin Tree Management LP cut its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,359 shares of the transportation company's stock after selling 5,657 shares during the quarter. Twin Tree Management LP's holdings in J.B. Hunt Transport Services were worth $2,962,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC increased 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 valued at $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 valued at about $30,000. BankPlus Trust Department bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $34,000. Versant Capital Management Inc lifted 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 worth $48,000 after acquiring an additional 142 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after acquiring an additional 134 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock traded up $1.06 during midday trading on Friday, hitting $148.55. 1,121,563 shares of the company traded hands, compared to its average volume of 874,188. J.B. Hunt Transport Services, Inc. has a 12 month low of $144.34 and a 12 month high of $200.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.61 and a beta of 1.16. The firm's fifty day moving average price is $165.39 and its 200-day moving average price is $172.81.

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 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.09). The firm had revenue of $3.15 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 earnings per share. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services's payout ratio is 31.65%.

Insider Activity

In related news, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services 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 directly owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Bank of America dropped their price target on J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating for the company in a report on Monday, March 17th. Benchmark reissued a "buy" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Evercore ISI decreased their price target on shares of 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. Citigroup lowered their price target on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Finally, UBS Group cut their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating for the company in a report on Friday, January 17th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $186.80.

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.