Bridgewater Advisors Inc. Cuts Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Bridgewater Advisors Inc. decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,901 shares of the transportation company’s stock after selling 200 shares during the period. Bridgewater Advisors Inc.’s holdings in J.B. Hunt Transport Services were worth $2,177,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of JBHT. VisionPoint Advisory Group LLC boosted its holdings in shares of J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after buying an additional 87 shares during the last quarter. Operose Advisors LLC bought a new stake in J.B. Hunt Transport Services in the third quarter worth about $34,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in J.B. Hunt Transport Services in the third quarter valued at about $36,000. Exchange Traded Concepts LLC bought a new position in shares of J.B. Hunt Transport Services during the 3rd quarter valued at approximately $45,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of J.B. Hunt Transport Services by 505.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock worth $58,000 after purchasing an additional 258 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

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

In related news, CEO John N. Roberts purchased 6,200 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average cost of $161.06 per share, with a total value of $998,572.00. Following the completion of the purchase, the chief executive officer now directly owns 313,955 shares in the company, valued at $50,565,592.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO John Kuhlow sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the transaction, the chief financial officer now directly owns 10,537 shares in the company, valued at approximately $2,244,381. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John N. Roberts acquired 6,200 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The disclosure for this purchase can be found here. Insiders sold 15,454 shares of company stock valued at $3,283,219 in the last 90 days. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on JBHT. Evercore ISI reduced their price objective on J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Barclays cut their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Stifel Nicolaus lowered their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Stephens decreased their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Finally, TD Cowen cut their target price on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.24.

J.B. Hunt Transport Services Trading Up 0.3 %

Shares of JBHT stock traded up $0.41 during mid-day trading on Tuesday, reaching $162.57. The stock had a trading volume of 1,200,812 shares, compared to its average volume of 852,341. The firm has a market capitalization of $16.79 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. The stock’s 50-day moving average price is $191.84 and its two-hundred day moving average price is $191.83. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a 52-week low of $160.07 and a 52-week high of $219.51.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a yield of 1.06%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

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.