J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC decreased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 73.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Pension Service purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth about $30,000. BankPlus Trust Department purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth about $34,000. EverSource Wealth Advisors LLC lifted its stake in shares of J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after buying an additional 134 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after buying an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of J.B. Hunt Transport Services by 140.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock worth $62,000 after buying an additional 212 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Trading Down 1.2%

Shares of J.B. Hunt Transport Services stock traded down $1.61 on Friday, reaching $137.42. The company had a trading volume of 793,098 shares, compared to its average volume of 986,472. The firm's 50 day moving average price is $138.67 and its two-hundred day moving average price is $161.60. The firm has a market cap of $13.63 billion, a PE ratio of 24.72, a PEG ratio of 1.61 and a beta of 1.33. 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 released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a "hold" rating and a $167.00 price target on the stock. The Goldman Sachs Group decreased their price target on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Citigroup reduced their target price on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Stifel Nicolaus set a $150.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Finally, UBS Group reduced their target price on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $162.00.

Insider Activity

In related news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on 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 owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 stock was acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the acquisition, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This represents a 1.69% increase in their position. The disclosure for this purchase can be found here. Insiders own 2.30% of the company's stock.

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.