Teza Capital Management LLC Lowers Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Teza Capital Management LLC cut its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 73.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,744 shares of the transportation company’s stock after selling 4,937 shares during the period. Teza Capital Management LLC’s holdings in J.B. Hunt Transport Services were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in JBHT. National Pension Service acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $30,000. BankPlus Trust Department acquired a new stake in J.B. Hunt Transport Services in the 4th quarter valued at approximately $34,000. EverSource Wealth Advisors LLC raised its position in J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 134 shares during the period. Smartleaf Asset Management LLC raised its position in J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 86 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its stake in J.B. Hunt Transport Services by 140.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company’s stock worth $62,000 after purchasing an additional 212 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on JBHT shares. Benchmark reaffirmed a “buy” rating and issued a $175.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Stifel Nicolaus set a $150.00 target price on J.B. Hunt Transport Services in a report on Wednesday, April 16th. Truist Financial cut their price target on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a “hold” rating on the stock in a research note on Thursday, April 17th. UBS Group reduced their price target on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Insider Activity

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

J.B. Hunt Transport Services Trading Down 0.8%

Shares of NASDAQ:JBHT opened at $145.02 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The company’s 50 day moving average is $139.27 and its two-hundred day moving average is $162.38. The company has a market cap of $14.39 billion, a PE ratio of 26.08, a P/E/G ratio of 1.61 and a beta of 1.33. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

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

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.21%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.94%.

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.