J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC cut its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 15.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,444 shares of the transportation company’s stock after selling 1,017 shares during the period. Kingswood Wealth Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $1,085,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trillium Asset Management LLC increased its position in J.B. Hunt Transport Services by 19.3% during the 4th quarter. Trillium Asset Management LLC now owns 174,450 shares of the transportation company’s stock worth $34,844,000 after purchasing an additional 28,202 shares in the last quarter. Empirical Capital Management LLC acquired a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at $8,089,000. Virtu Financial LLC purchased a new stake in J.B. Hunt Transport Services during the 4th quarter worth $1,795,000. International Assets Investment Management LLC acquired a new stake in J.B. Hunt Transport Services in the 4th quarter valued at $11,513,000. Finally, Trexquant Investment LP purchased a new position in J.B. Hunt Transport Services in the fourth quarter valued at about $1,463,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on JBHT. UBS Group lowered their price target on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Loop Capital cut their price target on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Benchmark restated a “buy” rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Stephens cut their target price on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Finally, Evercore ISI reduced their target price on J.B. Hunt Transport Services from $199.00 to $191.00 and set an “outperform” rating for the company in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.29.

Insider Activity

In other J.B. Hunt Transport Services news, CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, April 26th. The stock was bought at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the acquisition, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock traded up $0.86 during trading on Wednesday, hitting $157.13. The stock had a trading volume of 516,488 shares, compared to its average volume of 838,704. The business has a fifty day moving average of $161.84 and a two-hundred day moving average of $186.43. The firm has a market cap of $16.22 billion, a P/E ratio of 24.94, a PEG ratio of 1.78 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results 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 business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. On average, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

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.