Prime Capital Investment Advisors LLC Sells 5,392 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Prime Capital Investment Advisors LLC cut its stake by 53.8%, selling 5,392 shares of J.B. Hunt in Q4 and now holding 4,626 shares worth about $899,000.
• Insiders have sold 25,945 shares (about $5.66 million) in the past 90 days, including EVP Ronald Greer Woodruff and EVP Darren P. Field, each materially reducing their positions.
• JBHT shares opened near $227, trade close to a 52‑week high of $236, the company raised its quarterly dividend to $0.45 (annualized $1.80, 0.8% yield), and analysts show a consensus “Moderate Buy” with a $205.91 price target.

Prime Capital Investment Advisors LLC lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 53.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,626 shares of the transportation company's stock after selling 5,392 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in J.B. Hunt Transport Services were worth $899,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC boosted its position in J.B. Hunt Transport Services by 3.2% during the third quarter. AE Wealth Management LLC now owns 125,829 shares of the transportation company's stock valued at $16,883,000 after acquiring an additional 3,890 shares during the last quarter. Eldred Rock Partners LLC boosted its position in J.B. Hunt Transport Services by 11.9% during the third quarter. Eldred Rock Partners LLC now owns 88,061 shares of the transportation company's stock valued at $11,815,000 after acquiring an additional 9,345 shares during the last quarter. Machina Capital S.A.S. bought a new stake in J.B. Hunt Transport Services during the third quarter valued at $3,627,000. AdvisorShares Investments LLC bought a new stake in J.B. Hunt Transport Services during the third quarter valued at $433,000. Finally, Krilogy Financial LLC bought a new stake in J.B. Hunt Transport Services during the third quarter valued at $1,003,000. Institutional investors own 74.95% of the company's stock.

Insiders Place Their Bets

In related news, EVP Ronald Greer Woodruff sold 1,391 shares of the firm's stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $207.00, for a total value of $287,937.00. Following the transaction, the executive vice president owned 4,019 shares of the company's stock, valued at approximately $831,933. This trade represents a 25.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 9,000 shares of the firm's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $219.76, for a total transaction of $1,977,840.00. Following the completion of the transaction, the executive vice president directly owned 10,736 shares in the company, valued at approximately $2,359,343.36. The trade was a 45.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 25,945 shares of company stock worth $5,656,495 in the last 90 days. Company insiders own 2.50% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $227.04 on Monday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $236.00. The stock has a market cap of $21.48 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 1.85 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.83. The firm's 50-day simple moving average is $217.48 and its 200 day simple moving average is $192.03.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The business had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter last year, the firm earned $1.53 EPS. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, February 6th. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.44. J.B. Hunt Transport Services's payout ratio is 29.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JBHT. UBS Group upped their price target on shares of J.B. Hunt Transport Services from $174.00 to $196.00 and gave the company a "neutral" rating in a research report on Friday, January 16th. BMO Capital Markets reaffirmed an "outperform" rating and set a $245.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, February 19th. Barclays increased their price objective on shares of J.B. Hunt Transport Services from $150.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 15th. Vertical Research cut shares of J.B. Hunt Transport Services from a "strong-buy" rating to a "hold" rating and set a $200.00 price objective on the stock. in a research report on Thursday, January 8th. Finally, Robert W. Baird increased their price objective on shares of J.B. Hunt Transport Services from $173.00 to $215.00 and gave the stock an "outperform" rating in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.91.

J.B. Hunt Transport Services Company 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.

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