Hennion & Walsh Asset Management Inc. Sells 105 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hennion & Walsh Asset Management Inc. trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.2% in the 1st quarter, Holdings Channel reports. The firm owned 8,388 shares of the transportation company’s stock after selling 105 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in J.B. Hunt Transport Services were worth $1,671,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in JBHT. VisionPoint Advisory Group LLC boosted its stake in J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after buying an additional 87 shares during the period. Neo Ivy Capital Management bought a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at about $49,000. Exchange Traded Concepts LLC grew its holdings in shares of J.B. Hunt Transport Services by 26.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after purchasing an additional 62 shares in the last quarter. Harbor Investment Advisory LLC increased its position in shares of J.B. Hunt Transport Services by 75.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 350 shares of the transportation company’s stock worth $70,000 after purchasing an additional 150 shares during the last quarter. Finally, Burkett Financial Services LLC purchased a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $86,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $160.00 on Friday. The business has a 50 day moving average of $161.56 and a 200 day moving average of $185.95. 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 market cap of $16.51 billion, a PE ratio of 25.40, a P/E/G ratio of 1.82 and a beta of 1.15. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.31). The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.12 billion. J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a dividend of $0.43 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.08%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In other news, CEO John N. Roberts purchased 6,200 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on JBHT shares. Benchmark reissued a “buy” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Robert W. Baird cut their target price on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. Wells Fargo & Company initiated coverage on J.B. Hunt Transport Services in a research note on Friday, June 7th. They issued an “overweight” rating and a $185.00 target price on the stock. Susquehanna dropped their price target on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Finally, Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $191.38.

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.