Twin Tree Management LP Cuts Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Twin Tree Management LP trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 24.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,359 shares of the transportation company’s stock after selling 5,657 shares during the quarter. Twin Tree Management LP’s holdings in J.B. Hunt Transport Services were worth $2,962,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC grew its position in J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 142 shares during the last quarter. National Pension Service bought a new position in J.B. Hunt Transport Services during the 4th quarter valued at about $30,000. BankPlus Trust Department bought a new position in J.B. Hunt Transport Services during the 4th quarter valued at about $34,000. Versant Capital Management Inc lifted its stake in J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 142 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 134 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $147.13 on Wednesday. J.B. Hunt Transport Services, Inc. has a 12 month low of $145.32 and a 12 month high of $200.40. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.61 and a beta of 1.16. The company’s 50 day moving average is $167.13 and its two-hundred day moving average is $173.34. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned $1.47 earnings per share. The company’s quarterly revenue was down 4.5% 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 year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.65%.

Analyst Ratings Changes

Several research firms have issued reports on JBHT. JPMorgan Chase & Co. lowered their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price on the stock in a research note on Friday, January 3rd. Evercore ISI lowered their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Citigroup lowered their target price on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Finally, Raymond James lowered their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $186.80.

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.