Bleakley Financial Group LLC Sells 84 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Bleakley Financial Group LLC trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,188 shares of the transportation company’s stock after selling 84 shares during the period. Bleakley Financial Group LLC’s holdings in J.B. Hunt Transport Services were worth $237,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its position in J.B. Hunt Transport Services by 0.9% in the 1st quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock valued at $1,264,000 after buying an additional 56 shares during the last quarter. Drive Wealth Management LLC boosted its position in shares of J.B. Hunt Transport Services by 3.5% in the 4th quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock worth $339,000 after purchasing an additional 57 shares during the last quarter. Garrison Asset Management LLC boosted its position in shares of J.B. Hunt Transport Services by 0.4% in the 3rd quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock worth $2,532,000 after purchasing an additional 59 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of J.B. Hunt Transport Services by 0.5% in the 1st quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock worth $2,661,000 after purchasing an additional 60 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of J.B. Hunt Transport Services by 26.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after purchasing an additional 62 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $1,014,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $1,014,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the transaction, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,432 shares of company stock valued at $4,309,687. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $185.10 on Tuesday. The business’s 50-day moving average price is $201.37 and its two-hundred day moving average price is $193.38. J.B. Hunt Transport Services, Inc. has a 1 year low of $164.39 and a 1 year high of $219.51. The company has a market capitalization of $19.12 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 1.62 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.27). The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 7.61 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.43 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.93%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. J.B. Hunt Transport Services’s payout ratio is currently 24.68%.

Analyst Ratings Changes

JBHT has been the topic of several recent research reports. Susquehanna reduced their price target on J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Robert W. Baird restated an “outperform” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. Benchmark restated a “buy” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, March 13th. Barclays lowered J.B. Hunt Transport Services from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $215.00 to $200.00 in a research report on Monday, April 1st. Finally, TD Cowen raised their price target on J.B. Hunt Transport Services from $178.00 to $199.00 and gave the stock a “market perform” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.56.

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.