Cresset Asset Management LLC Sells 7,021 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Cresset Asset Management LLC trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 73.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,517 shares of the transportation company’s stock after selling 7,021 shares during the period. Cresset Asset Management LLC’s holdings in J.B. Hunt Transport Services were worth $429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JBHT. Barclays PLC increased its position in J.B. Hunt Transport Services by 37.5% in the 3rd quarter. Barclays PLC now owns 236,177 shares of the transportation company’s stock valued at $40,698,000 after buying an additional 64,380 shares in the last quarter. Principal Financial Group Inc. increased its position in J.B. Hunt Transport Services by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 98,725 shares of the transportation company’s stock valued at $17,013,000 after buying an additional 1,737 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in J.B. Hunt Transport Services by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock valued at $878,000 after buying an additional 61 shares in the last quarter. Czech National Bank increased its position in J.B. Hunt Transport Services by 5.2% in the 4th quarter. Czech National Bank now owns 17,271 shares of the transportation company’s stock valued at $2,947,000 after buying an additional 859 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its position in J.B. Hunt Transport Services by 7.4% in the 4th quarter. Pallas Capital Advisors LLC now owns 2,191 shares of the transportation company’s stock valued at $374,000 after buying an additional 151 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $147.86 on Friday. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The stock’s 50 day moving average price is $139.64 and its 200-day moving average price is $163.22. The company has a market capitalization of $14.67 billion, a PE ratio of 26.59, a PEG ratio of 1.61 and a beta of 1.33. 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 (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.44 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.19%. J.B. Hunt Transport Services’s payout ratio is 31.94%.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nicholas Hobbs acquired 1,529 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the purchase, the chief operating officer now owns 91,847 shares of the company’s stock, valued at $12,008,995.25. The trade was a 1.69% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. The Goldman Sachs Group decreased their target price on J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Benchmark reissued a “buy” rating and set a $175.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Wells Fargo & Company decreased their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Citigroup decreased their price objective on J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Barclays decreased their price objective on J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.20.

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.