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

SG Americas Securities LLC reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 66.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,588 shares of the transportation company’s stock after selling 12,980 shares during the period. SG Americas Securities LLC’s holdings in J.B. Hunt Transport Services were worth $1,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in JBHT. Silvercrest Asset Management Group LLC lifted its position in J.B. Hunt Transport Services by 24.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock valued at $5,838,000 after acquiring an additional 5,767 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of J.B. Hunt Transport Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after purchasing an additional 25,109 shares during the period. Jennison Associates LLC grew its stake in J.B. Hunt Transport Services by 11.2% during the 1st quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock worth $39,413,000 after buying an additional 19,987 shares during the last quarter. Virtu Financial LLC purchased a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $1,795,000. Finally, FIL Ltd raised its position in J.B. Hunt Transport Services by 15.7% in the 4th quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock valued at $177,336,000 after purchasing an additional 120,202 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT opened at $165.92 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The company’s 50 day simple moving average is $169.29 and its 200 day simple moving average is $168.55. The stock has a market capitalization of $17.12 billion, a PE ratio of 26.34, a P/E/G ratio of 2.86 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.81 EPS. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.72 annualized dividend and a yield of 1.04%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Persio V. Lisboa purchased 600 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now owns 3,594 shares in the company, valued at $587,511.18. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JBHT. Barclays decreased their price objective on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Stifel Nicolaus cut their price objective on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a research report on Tuesday, July 23rd. The Goldman Sachs Group reduced their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday. Susquehanna increased their target price on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $185.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $183.50.

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.