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

QRG Capital Management Inc. trimmed its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 46.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,024 shares of the transportation company’s stock after selling 9,441 shares during the period. QRG Capital Management Inc.’s holdings in J.B. Hunt Transport Services were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of JBHT. Catalyst Capital Advisors LLC purchased a new position in J.B. Hunt Transport Services in the 3rd quarter valued at approximately $26,000. True Wealth Design LLC grew its stake in J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after buying an additional 142 shares in the last quarter. National Pension Service purchased a new position in J.B. Hunt Transport Services in the 4th quarter valued at approximately $30,000. BankPlus Trust Department purchased a new position in J.B. Hunt Transport Services in the 4th quarter valued at approximately $34,000. Finally, Versant Capital Management Inc grew its stake in J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares in the company, valued at $15,092,976.08. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,545 shares of company stock valued at $1,898,942 over the last three months. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of recent research reports. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective for the company in a research note on Friday, January 3rd. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a report on Friday, January 17th. Evercore ISI cut their price target on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Raymond James cut their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, January 21st. Finally, Benchmark reissued a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $191.11.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $161.19 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $16.12 billion, a PE ratio of 28.99, a P/E/G ratio of 1.61 and a beta of 1.15. The firm has a fifty day simple moving average of $171.22 and a two-hundred day simple moving average of $174.85. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $208.69.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 earnings per share. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.44 dividend. The ex-dividend date was Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 1.09%. J.B. Hunt Transport Services’s payout ratio is currently 31.65%.

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.