J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Holdings Decreased by Hartford Investment Management Co.

Hartford Investment Management Co. decreased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,951 shares of the transportation company’s stock after selling 95 shares during the period. Hartford Investment Management Co.’s holdings in J.B. Hunt Transport Services were worth $845,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of JBHT. Exchange Traded Concepts LLC bought a new position in J.B. Hunt Transport Services during the 3rd quarter worth approximately $119,000. V Square Quantitative Management LLC lifted its stake in J.B. Hunt Transport Services by 14.4% during the third quarter. V Square Quantitative Management LLC now owns 2,583 shares of the transportation company’s stock worth $445,000 after purchasing an additional 326 shares during the last quarter. Net Worth Advisory Group bought a new stake in J.B. Hunt Transport Services during the third quarter valued at $224,000. Blue Trust Inc. raised its holdings in shares of J.B. Hunt Transport Services by 67.7% during the third quarter. Blue Trust Inc. now owns 451 shares of the transportation company’s stock worth $72,000 after purchasing an additional 182 shares during the period. Finally, Raymond James & Associates lifted its position in shares of J.B. Hunt Transport Services by 5.3% in the 3rd quarter. Raymond James & Associates now owns 18,084 shares of the transportation company’s stock worth $3,116,000 after buying an additional 912 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBHT has been the topic of several research reports. UBS Group dropped their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Raymond James cut their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective for the company in a research note on Friday, January 3rd. Wells Fargo & Company dropped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Benchmark restated a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.11.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total value of $1,100,820.00. Following the transaction, the chief executive officer now owns 82,264 shares in the company, valued at approximately $15,092,976.08. This represents a 6.80 % 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 Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares of the company’s stock, valued at $127,904. This trade represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,545 shares of company stock worth $1,898,942. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $169.98 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market capitalization 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 stock has a fifty day moving average of $173.58 and a 200-day moving average of $174.71. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the business posted $1.47 EPS. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal 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 paid a $0.44 dividend. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.04%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.65%.

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.