Formula Growth Ltd. Sells 1,000 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Formula Growth Ltd. lowered its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,000 shares of the transportation company’s stock after selling 1,000 shares during the quarter. Formula Growth Ltd.’s holdings in J.B. Hunt Transport Services were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of JBHT. Forum Financial Management LP lifted its position in shares of J.B. Hunt Transport Services by 34.4% in the fourth quarter. Forum Financial Management LP now owns 1,799 shares of the transportation company’s stock worth $307,000 after buying an additional 460 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of J.B. Hunt Transport Services by 2.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 59,301 shares of the transportation company’s stock worth $10,115,000 after buying an additional 1,175 shares during the period. Canada Pension Plan Investment Board raised its holdings in J.B. Hunt Transport Services by 113.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 91,831 shares of the transportation company’s stock worth $15,672,000 after acquiring an additional 48,813 shares during the period. Demars Financial Group LLC lifted its position in J.B. Hunt Transport Services by 16,964.6% during the 4th quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company’s stock worth $104,113,000 after acquiring an additional 606,484 shares during the last quarter. Finally, Greenwood Gearhart Inc. grew its position in shares of J.B. Hunt Transport Services by 0.9% in the fourth quarter. Greenwood Gearhart Inc. now owns 165,200 shares of the transportation company’s stock valued at $28,193,000 after purchasing an additional 1,490 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stephens decreased their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays lowered their price objective on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. The Goldman Sachs Group reduced their price target on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Wells Fargo & Company cut their price objective on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Bank of America lowered their price target on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.20.

J.B. Hunt Transport Services Trading Up 3.6 %

Shares of JBHT stock opened at $129.23 on Friday. The company has a market capitalization of $12.92 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $150.62 and a 200 day moving average price of $168.08.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.36%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s payout ratio is currently 31.94%.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value 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 $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 of the company’s stock, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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.