SG Americas Securities LLC Sells 216,328 Shares of J.B. Hunt Transport Services, Inc. $JBHT

SG Americas Securities LLC trimmed its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 94.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,011 shares of the transportation company’s stock after selling 216,328 shares during the period. SG Americas Securities LLC’s holdings in J.B. Hunt Transport Services were worth $2,757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $32,000. MUFG Securities EMEA plc bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at about $34,000. Whittier Trust Co. lifted its stake in shares of J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after buying an additional 50 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after buying an additional 48 shares during the period. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $289.43 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $293.54. The firm has a market cap of $27.29 billion, a price-to-earnings ratio of 44.80, a P/E/G ratio of 2.14 and a beta of 1.30. The firm’s 50-day simple moving average is $265.20 and its 200 day simple moving average is $230.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 EPS. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is presently 27.86%.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the sale, the executive vice president directly owned 8,696 shares in the company, valued at approximately $2,213,045.04. The trade was a 31.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David Keefauver sold 703 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the sale, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. This represents a 47.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,119 shares of company stock valued at $4,736,095 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the topic of several research analyst reports. TD Cowen increased their price target on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Susquehanna boosted their price objective on J.B. Hunt Transport Services from $250.00 to $290.00 and gave the stock a “positive” rating in a report on Wednesday, April 22nd. Morgan Stanley upped their target price on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Citigroup increased their target price on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Finally, Raymond James Financial reissued an “outperform” rating and set a $240.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $239.87.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.