J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Position Lowered by Teza Capital Management LLC

Teza Capital Management LLC lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 73.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,744 shares of the transportation company's stock after selling 4,937 shares during the quarter. Teza Capital Management LLC's holdings in J.B. Hunt Transport Services were worth $298,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC raised its holdings in shares of J.B. Hunt Transport Services by 8.0% in the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock worth $140,000 after purchasing an additional 61 shares during the period. Blue Trust Inc. increased its position in J.B. Hunt Transport Services by 18.6% during the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company's stock worth $92,000 after purchasing an additional 84 shares in the last quarter. Smartleaf Asset Management LLC increased its position in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares in the last quarter. Wahed Invest LLC raised its holdings in J.B. Hunt Transport Services by 4.6% in the fourth quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock valued at $355,000 after buying an additional 91 shares during the period. Finally, Man Group plc lifted its position in J.B. Hunt Transport Services by 0.9% during the fourth quarter. Man Group plc now owns 11,165 shares of the transportation company's stock valued at $1,905,000 after buying an additional 98 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, March 7th. The shares were 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 directly owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. The trade was a 6.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Nicholas Hobbs acquired 1,529 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the purchase, the chief operating officer now owns 91,847 shares of the company's stock, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a "hold" rating and a $167.00 price objective for the company. Benchmark reaffirmed a "buy" rating and set a $175.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Stephens cut their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 price objective on J.B. Hunt Transport Services and gave the stock a "market perform" rating in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus set a $150.00 target price on J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

J.B. Hunt Transport Services Stock Down 1.2%

Shares of JBHT traded down $1.61 during trading on Monday, reaching $137.42. The company's stock had a trading volume of 793,098 shares, compared to its average volume of 988,579. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 24.72, a P/E/G ratio of 1.61 and a beta of 1.33. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $138.67 and a two-hundred day moving average of $161.19. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.28%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

J.B. Hunt Transport Services Company 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.