Legacy Capital Wealth Partners LLC Lowers Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Legacy Capital Wealth Partners LLC cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 119,333 shares of the transportation company’s stock after selling 4,321 shares during the period. J.B. Hunt Transport Services makes up 4.5% of Legacy Capital Wealth Partners LLC’s investment portfolio, making the stock its 4th largest position. Legacy Capital Wealth Partners LLC’s holdings in J.B. Hunt Transport Services were worth $20,365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JBHT. Paloma Partners Management Co lifted its position in J.B. Hunt Transport Services by 14,254.9% in the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock valued at $32,035,000 after acquiring an additional 184,601 shares in the last quarter. Mizuho Securities USA LLC raised its stake in J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after buying an additional 149,815 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in J.B. Hunt Transport Services by 155.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after buying an additional 134,476 shares during the last quarter. Parnassus Investments LLC raised its stake in J.B. Hunt Transport Services by 14.1% during the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock valued at $129,765,000 after buying an additional 93,213 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at $15,149,000. 74.95% of the stock is owned by institutional investors.

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

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares of the company’s stock, valued at $15,092,976.08. This represents a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric Mcgee sold 145 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the transaction, 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. Insiders sold 10,545 shares of company stock valued at $1,898,942 in the last 90 days. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JBHT shares. Barclays boosted their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Citigroup decreased their target price on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company decreased their target price 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, January 17th. UBS Group reduced their price objective on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, 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. Six investment analysts have rated the stock with a hold rating and thirteen 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 target price of $191.11.

J.B. Hunt Transport Services Trading Up 2.7 %

Shares of J.B. Hunt Transport Services stock opened at $169.98 on Friday. The company has a market capitalization of $17.14 billion, a P/E ratio of 30.57, a P/E/G 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. The company has a fifty day moving average of $173.58 and a 200 day moving average of $174.72. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion during 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 company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 EPS. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

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

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.