Sheaff Brock Investment Advisors LLC Sells 100 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Sheaff Brock Investment Advisors LLC cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.2% during the 4th quarter, HoldingsChannel reports. The firm owned 3,000 shares of the transportation company’s stock after selling 100 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $512,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in JBHT. Catalyst Capital Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $26,000. True Wealth Design LLC boosted its position in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Cromwell Holdings LLC boosted its position in shares of J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 76 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares in the last quarter. Finally, Huntington National Bank boosted its position in shares of J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Up 2.7 %

J.B. Hunt Transport Services stock opened at $169.98 on Monday. The stock has a market cap of $17.14 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The stock has a fifty day moving average of $173.58 and a 200 day moving average of $174.73.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.47 EPS. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio is 30.94%.

Analyst Ratings Changes

Several research firms have commented on JBHT. Citigroup dropped their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Stephens reissued an “overweight” rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Bank of America boosted their target price on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Evercore ISI dropped their target price on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, TD Cowen dropped their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $191.11.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the sale, the executive vice president now owns 700 shares in the company, valued at $127,904. This represents a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Shelley Simpson sold 6,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the sale, the chief executive officer now owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,545 shares of company stock worth $1,898,942. 2.10% of the stock is owned by insiders.

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.