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

QRG Capital Management Inc. cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 58.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. National Pension Service purchased a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth $30,000. BankPlus Trust Department acquired a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC increased its stake in 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 valued at $56,000 after purchasing an additional 134 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of 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 buying an additional 86 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at $67,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT traded down $0.62 on Wednesday, reaching $142.81. 496,144 shares of the company were exchanged, compared to its average volume of 995,689. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The company has a 50-day moving average of $137.80 and a 200-day moving average of $154.28. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion during 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%. Equities analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.23%. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

Insiders Place Their Bets

In other news, COO Nicholas Hobbs purchased 1,529 shares of the business's stock in a transaction dated 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 purchase, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at $12,008,995.25. This represents a 1.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on JBHT shares. Truist Financial cut their price target on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Sanford C. Bernstein set a $148.00 target price on J.B. Hunt Transport Services and gave the company a "market perform" rating in a report on Wednesday, April 16th. Citigroup dropped their price target on 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. Susquehanna boosted their price objective on J.B. Hunt Transport Services from $140.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Raymond James Financial decreased their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $162.65.

J.B. Hunt Transport Services 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.