Jump Financial LLC Reduces Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Jump Financial LLC decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 64.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,886 shares of the transportation company’s stock after selling 3,414 shares during the quarter. Jump Financial LLC’s holdings in J.B. Hunt Transport Services were worth $377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC boosted its holdings in shares of J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares during the period. Operose Advisors LLC acquired a new position in J.B. Hunt Transport Services in the 3rd quarter worth approximately $34,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services during the third quarter valued at $36,000. Cary Street Partners Investment Advisory LLC grew its holdings in J.B. Hunt Transport Services by 505.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock worth $58,000 after acquiring an additional 258 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake 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 valued at $60,000 after purchasing an additional 62 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $157.62 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26. The firm’s fifty day moving average price is $177.41 and its 200 day moving average price is $190.07. The company has a market capitalization of $16.27 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.80 and a beta of 1.17. J.B. Hunt Transport Services, Inc. has a 12-month low of $155.43 and a 12-month high of $219.51.

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

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.72 annualized dividend and a yield of 1.09%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 900 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $208.54, for a total value of $187,686.00. Following the completion of the sale, the executive vice president now directly owns 15,032 shares in the company, valued at $3,134,773.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other J.B. Hunt Transport Services news, CEO John N. Roberts bought 6,200 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were bought at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the acquisition, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian Webb sold 900 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $208.54, for a total transaction of $187,686.00. Following the completion of the transaction, the executive vice president now directly owns 15,032 shares in the company, valued at $3,134,773.28. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

JBHT has been the topic of several recent analyst reports. Loop Capital decreased their price objective on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Benchmark reaffirmed a “buy” rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. Barclays lowered their target price on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Susquehanna cut their price objective on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, April 17th. Finally, TD Cowen decreased their price target on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.24.

About J.B. Hunt Transport Services

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.