QRG Capital Management Inc. Reduces Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

QRG Capital Management Inc. cut its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 58.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,576 shares of the transportation company's stock after selling 6,448 shares during the period. QRG Capital Management Inc.'s holdings in J.B. Hunt Transport Services were worth $677,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in 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 valued at $58,000 after buying an additional 86 shares in the last quarter. LPL Financial LLC increased its holdings in J.B. Hunt Transport Services by 56.7% in the fourth quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock valued at $11,810,000 after buying an additional 25,034 shares in the last quarter. Keybank National Association OH purchased a new position in J.B. Hunt Transport Services in the fourth quarter valued at about $255,000. Proficio Capital Partners LLC purchased a new position in J.B. Hunt Transport Services in the fourth quarter valued at about $7,815,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in J.B. Hunt Transport Services by 10.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,199 shares of the transportation company's stock valued at $205,000 after buying an additional 112 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the purchase, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $139.63 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The company has a market cap of $13.85 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.89 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The firm's 50 day moving average is $137.53 and its two-hundred day moving average is $154.81.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The company 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 4.65% and a return on equity of 14.07%. Analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bank of America increased their price target on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft assumed 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 target on the stock. Raymond James Financial lowered their price target on shares of 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. JPMorgan Chase & Co. lowered their price target on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $164.00 price target on shares of J.B. Hunt Transport Services in a research report on Monday, June 2nd. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.90.

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.

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