Cresset Asset Management LLC Sells 7,021 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Cresset Asset Management LLC lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 73.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,517 shares of the transportation company's stock after selling 7,021 shares during the quarter. Cresset Asset Management LLC's holdings in J.B. Hunt Transport Services were worth $429,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of J.B. Hunt Transport Services by 428.4% in the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after purchasing an additional 1,024,295 shares in the last quarter. Norges Bank purchased a new position in J.B. Hunt Transport Services in the fourth quarter worth $146,618,000. Demars Financial Group LLC increased its stake in J.B. Hunt Transport Services by 16,964.6% in the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock valued at $104,113,000 after acquiring an additional 606,484 shares during the last quarter. Thrivent Financial for Lutherans raised its position in J.B. Hunt Transport Services by 111.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock valued at $163,237,000 after purchasing an additional 503,324 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in J.B. Hunt Transport Services by 155.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company's stock worth $37,689,000 after purchasing an additional 134,476 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JBHT. Bank of America boosted their price target on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Barclays dropped their target price on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Raymond James reduced their price target on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company lowered their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Stephens lowered their price target on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $162.00.

Insider Activity

In related news, COO Nicholas Hobbs purchased 1,529 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was purchased at an average price of $130.75 per share, with a total value of $199,916.75. Following the transaction, the chief operating officer now directly owns 91,847 shares in the company, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Stock Down 1.7%

Shares of NASDAQ JBHT traded down $2.43 during mid-day trading on Wednesday, hitting $142.60. 157,481 shares of the stock traded hands, compared to its average volume of 980,218. The company has a market cap of $14.14 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 1.61 and a beta of 1.33. The stock has a fifty day moving average price of $139.27 and a 200-day moving average price of $162.38. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is 31.94%.

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.