Lido Advisors LLC Cuts Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Lido Advisors LLC cut its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,073 shares of the transportation company’s stock after selling 11,260 shares during the quarter. Lido Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $30,106,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of J.B. Hunt Transport Services by 411.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after buying an additional 1,447,993 shares in the last quarter. Norges Bank purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $200,587,000. Bessemer Group Inc. raised its stake in shares of J.B. Hunt Transport Services by 75,567.4% during the 4th quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock worth $195,580,000 after acquiring an additional 1,005,047 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of J.B. Hunt Transport Services by 338.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock worth $110,434,000 after acquiring an additional 635,172 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in J.B. Hunt Transport Services by 272.8% during the fourth quarter. Wellington Management Group LLP now owns 747,377 shares of the transportation company’s stock valued at $145,245,000 after acquiring an additional 546,880 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at J.B. Hunt Transport Services

In related news, insider Bradley W. Hicks sold 7,644 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $261.91, for a total value of $2,002,040.04. Following the transaction, the insider owned 23,982 shares in the company, valued at approximately $6,281,125.62. This represents a 24.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the sale, the executive vice president owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,847 shares of company stock worth $4,162,861 in the last quarter. 2.50% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Down 0.3%

NASDAQ:JBHT opened at $292.24 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $299.76. The company has a market cap of $27.56 billion, a PE ratio of 41.39, a P/E/G ratio of 1.85 and a beta of 1.29. The company’s 50 day moving average is $277.52 and its two-hundred day moving average is $240.59.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the company posted $1.31 earnings per share. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.71 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a $0.45 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.

Analyst Upgrades and Downgrades

JBHT has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Sunday, June 7th. BMO Capital Markets reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Sanford C. Bernstein reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group set a $261.00 target price on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $286.30.

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.