Capital Fund Management S.A. Sells 50,465 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Capital Fund Management S.A. reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 42.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,930 shares of the transportation company’s stock after selling 50,465 shares during the period. Capital Fund Management S.A.’s holdings in J.B. Hunt Transport Services were worth $11,593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $86,000. MML Investors Services LLC increased its holdings in J.B. Hunt Transport Services by 4.4% during the 3rd quarter. MML Investors Services LLC now owns 4,667 shares of the transportation company’s stock valued at $804,000 after purchasing an additional 195 shares in the last quarter. Barclays PLC raised its position in J.B. Hunt Transport Services by 37.5% in the 3rd quarter. Barclays PLC now owns 236,177 shares of the transportation company’s stock valued at $40,698,000 after purchasing an additional 64,380 shares during the last quarter. M&T Bank Corp boosted its stake in J.B. Hunt Transport Services by 7.8% in the third quarter. M&T Bank Corp now owns 3,586 shares of the transportation company’s stock worth $618,000 after purchasing an additional 261 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in shares of J.B. Hunt Transport Services during the third quarter worth $223,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBHT has been the subject of several research analyst 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 for the company in a research report on Friday, January 17th. Wells Fargo & Company reduced their target price on J.B. Hunt Transport Services from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Susquehanna cut J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and lowered their price target for the company from $200.00 to $165.00 in a research note on Wednesday, March 26th. Bank of America cut their price target on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Finally, The Goldman Sachs Group decreased their price objective on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating for the company in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $177.70.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $132.88 on Friday. The stock has a 50-day moving average price of $154.30 and a two-hundred day moving average price of $169.45. J.B. Hunt Transport Services, Inc. has a 1 year low of $127.05 and a 1 year high of $200.40. The stock has a market cap of $13.29 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data 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 firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 earnings per share. Equities analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.32%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.65%.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the transaction, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

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.