J B Hunt Transport Services Inc (JBHT) Shares Sold by Weiss Multi Strategy Advisers LLC

Weiss Multi Strategy Advisers LLC cut its stake in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 59.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,000 shares of the transportation company’s stock after selling 45,700 shares during the period. Weiss Multi Strategy Advisers LLC’s holdings in J B Hunt Transport Services were worth $2,884,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of JBHT. CWM LLC lifted its holdings in J B Hunt Transport Services by 59.5% in the fourth quarter. CWM LLC now owns 276 shares of the transportation company’s stock worth $26,000 after buying an additional 103 shares during the period. Parallel Advisors LLC lifted its holdings in shares of J B Hunt Transport Services by 72.6% during the fourth quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 127 shares during the last quarter. Exane Asset Management purchased a new position in shares of J B Hunt Transport Services during the fourth quarter valued at approximately $41,000. Heritage Trust Co lifted its holdings in shares of J B Hunt Transport Services by 289.2% during the fourth quarter. Heritage Trust Co now owns 864 shares of the transportation company’s stock valued at $80,000 after purchasing an additional 642 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of J B Hunt Transport Services during the fourth quarter valued at approximately $99,000. Institutional investors and hedge funds own 71.68% of the company’s stock.

In other news, COO Alfred C. Harper sold 7,100 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $105.87, for a total transaction of $751,677.00. Following the completion of the sale, the chief operating officer now owns 16,756 shares in the company, valued at approximately $1,773,957.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David G. Mee sold 2,886 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $109.06, for a total transaction of $314,747.16. Following the completion of the sale, the chief financial officer now owns 110,500 shares of the company’s stock, valued at approximately $12,051,130. The disclosure for this sale can be found here. Insiders sold 12,986 shares of company stock valued at $1,402,544 in the last 90 days. Company insiders own 4.20% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Morgan Stanley lowered their target price on shares of J B Hunt Transport Services from $118.00 to $113.00 and set an “equal weight” rating for the company in a report on Monday, January 7th. Zacks Investment Research raised shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Wednesday, January 23rd. Cowen reissued a “market perform” rating and set a $122.00 price target (down previously from $129.00) on shares of J B Hunt Transport Services in a research report on Friday, January 18th. UBS Group reduced their price target on shares of J B Hunt Transport Services from $145.00 to $124.00 and set a “buy” rating for the company in a research report on Tuesday, December 4th. Finally, Stifel Nicolaus set a $113.00 price target on shares of J B Hunt Transport Services and gave the company a “hold” rating in a research report on Friday, January 18th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $124.14.

Shares of NASDAQ:JBHT traded down $0.47 during midday trading on Wednesday, hitting $100.03. The company’s stock had a trading volume of 9,715 shares, compared to its average volume of 920,492. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The company has a market cap of $10.93 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.39 and a beta of 1.14. J B Hunt Transport Services Inc has a 12-month low of $88.38 and a 12-month high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 17th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.67). J B Hunt Transport Services had a net margin of 5.68% and a return on equity of 30.72%. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. J B Hunt Transport Services’s revenue was up 16.5% on a year-over-year basis. On average, analysts expect that J B Hunt Transport Services Inc will post 6.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Friday, February 8th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.04%. This is a boost from J B Hunt Transport Services’s previous quarterly dividend of $0.24. J B Hunt Transport Services’s payout ratio is 18.34%.

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J B Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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