DLK Investment Management LLC Reduces Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

DLK Investment Management LLC decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 24.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,738 shares of the transportation company’s stock after selling 569 shares during the quarter. DLK Investment Management LLC’s holdings in J.B. Hunt Transport Services were worth $346,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in JBHT. VisionPoint Advisory Group LLC grew its holdings in shares of J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares in the last quarter. Operose Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth $34,000. Neo Ivy Capital Management bought a new position in J.B. Hunt Transport Services during the 4th quarter worth about $49,000. Cary Street Partners Investment Advisory LLC increased its holdings in J.B. Hunt Transport Services by 505.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after buying an additional 258 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in shares of J.B. Hunt Transport Services by 26.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after acquiring an additional 62 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on JBHT shares. Stifel Nicolaus lowered their price target on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Susquehanna cut their price target on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Benchmark reaffirmed a “buy” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Barclays reduced their target price on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Finally, StockNews.com upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $192.29.

Insider Activity

In other J.B. Hunt Transport Services news, CEO John N. Roberts bought 6,200 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was acquired at an average price of $161.06 per share, with a total value of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares in the company, valued at approximately $50,565,592.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded up $2.41 during trading on Wednesday, hitting $158.68. 137,527 shares of the company traded hands, compared to its average volume of 835,620. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average is $162.06 and its 200-day moving average is $186.63. The stock has a market capitalization of $16.38 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 1.78 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.12 billion. As a group, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.08%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

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.