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

Sib LLC trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 92,140 shares of the transportation company’s stock after selling 6,467 shares during the quarter. J.B. Hunt Transport Services makes up 8.3% of Sib LLC’s portfolio, making the stock its 5th biggest holding. Sib LLC’s holdings in J.B. Hunt Transport Services were worth $15,725,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arvest Bank Trust Division acquired a new position in J.B. Hunt Transport Services in the third quarter valued at $1,578,000. Forsta AP Fonden grew its holdings in J.B. Hunt Transport Services by 28.2% in the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock valued at $2,740,000 after buying an additional 3,500 shares during the period. State Street Corp increased its stake in shares of J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after acquiring an additional 19,826 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after acquiring an additional 12,040 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in J.B. Hunt Transport Services by 2.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock worth $32,861,000 after purchasing an additional 3,910 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

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

In related news, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares in the company, valued at $127,904. This trade represents a 17.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock worth $2,136,277 over the last 90 days. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group dropped their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research report on Friday. BMO Capital Markets reissued an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Evercore ISI dropped their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.67.

J.B. Hunt Transport Services Stock Down 7.4 %

Shares of J.B. Hunt Transport Services stock opened at $172.45 on Friday. The stock has a 50-day simple moving average of $180.08 and a 200-day simple moving average of $173.85. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. J.B. Hunt Transport Services’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 earnings per share. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.67 earnings per share for the current fiscal year.

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.