Lecap Asset Management Ltd. Sells 5,389 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Lecap Asset Management Ltd. decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 45.4% in the 4th quarter, HoldingsChannel reports. The firm owned 6,471 shares of the transportation company’s stock after selling 5,389 shares during the quarter. Lecap Asset Management Ltd.’s holdings in J.B. Hunt Transport Services were worth $1,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in J.B. Hunt Transport Services by 2.9% during 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. Sumitomo Mitsui Trust Group Inc. raised its position in shares of J.B. Hunt Transport Services by 1.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 192,712 shares of the transportation company’s stock worth $32,888,000 after acquiring an additional 2,023 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of J.B. Hunt Transport Services by 25.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,258 shares of the transportation company’s stock valued at $1,590,000 after acquiring an additional 1,893 shares during the period. Tempus Wealth Planning LLC boosted its holdings in J.B. Hunt Transport Services by 4.5% in the fourth quarter. Tempus Wealth Planning LLC now owns 6,510 shares of the transportation company’s stock valued at $1,111,000 after acquiring an additional 281 shares during the last quarter. Finally, abrdn plc increased its position in J.B. Hunt Transport Services by 21.0% in the fourth quarter. abrdn plc now owns 33,510 shares of the transportation company’s stock worth $5,735,000 after purchasing an additional 5,807 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity

In other news, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction dated 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 owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the sale, the chief executive officer now directly owns 82,264 shares of the company’s stock, 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 a total of 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.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of research reports. 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 report on Friday, January 3rd. Evercore ISI reduced their price objective 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. TD Cowen lowered their target price 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. Loop Capital increased their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Finally, Raymond James decreased their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $191.11.

J.B. Hunt Transport Services Stock Down 1.7 %

NASDAQ:JBHT opened at $166.15 on Friday. The firm has a market capitalization of $16.75 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The stock’s 50 day moving average price is $175.33 and its two-hundred day moving average price is $174.75.

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 (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the company posted $1.47 earnings per share. The business’s revenue was down 4.5% compared to the same quarter last year. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $0.44 dividend. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.06%. J.B. Hunt Transport Services’s dividend payout ratio is currently 30.94%.

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.