J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is Legacy Capital Wealth Partners LLC’s 4th Largest Position

Legacy Capital Wealth Partners LLC lessened its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,333 shares of the transportation company’s stock after selling 4,321 shares during the period. J.B. Hunt Transport Services makes up about 4.5% of Legacy Capital Wealth Partners LLC’s holdings, making the stock its 4th biggest holding. Legacy Capital Wealth Partners LLC owned 0.12% of J.B. Hunt Transport Services worth $20,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Asset Management One Co. Ltd. grew its stake in J.B. Hunt Transport Services by 1.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 32,899 shares of the transportation company’s stock worth $5,659,000 after buying an additional 391 shares in the last quarter. Stephens Inc. AR grew its stake in J.B. Hunt Transport Services by 119.0% in the 4th quarter. Stephens Inc. AR now owns 112,116 shares of the transportation company’s stock worth $19,134,000 after buying an additional 60,926 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in J.B. Hunt Transport Services by 13.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 216,829 shares of the transportation company’s stock worth $37,004,000 after buying an additional 25,492 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in J.B. Hunt Transport Services by 2.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,115 shares of the transportation company’s stock worth $1,385,000 after buying an additional 231 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 1.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 192,712 shares of the transportation company’s stock valued at $32,888,000 after purchasing an additional 2,023 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Up 2.7 %

Shares of NASDAQ:JBHT opened at $169.98 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The company has a market cap of $17.14 billion, a PE ratio of 30.57, a P/E/G ratio of 1.62 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The stock’s 50-day moving average is $173.58 and its 200 day moving average is $174.72.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data 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 firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 earnings per share. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.04%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, February 7th. J.B. Hunt Transport Services’s payout ratio is presently 30.94%.

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

In other news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now directly owns 23,559 shares of the company’s stock, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the sale, the chief executive officer now directly owns 82,264 shares in the company, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,545 shares of company stock valued at $1,898,942. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JBHT shares. Stifel Nicolaus decreased their target price on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. Barclays lifted their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Evercore ISI decreased their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Citigroup decreased their price objective on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company decreased their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $191.11.

J.B. Hunt Transport Services Company 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.