SG Americas Securities LLC Sells 6,249 Shares of J.B. Hunt Transport Services, Inc. $JBHT

SG Americas Securities LLC reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 53.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,507 shares of the transportation company’s stock after selling 6,249 shares during the quarter. SG Americas Securities LLC’s holdings in J.B. Hunt Transport Services were worth $739,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Private Trust Co. NA lifted its stake in J.B. Hunt Transport Services by 57.8% in the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 74 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $31,000. Assetmark Inc. grew its stake in shares of J.B. Hunt Transport Services by 418.6% during the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 180 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $34,000. Finally, Farther Finance Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 38.6% in the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after purchasing an additional 88 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on JBHT shares. Barclays raised their target price on shares of J.B. Hunt Transport Services from $150.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Evercore ISI set a $222.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday. Wolfe Research reaffirmed an “outperform” rating and issued a $214.00 target price on shares of J.B. Hunt Transport Services in a research report on Thursday, January 8th. Citigroup lowered J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and upped their target price for the stock from $175.00 to $221.00 in a report on Wednesday, January 7th. Finally, Sanford C. Bernstein raised their price target on J.B. Hunt Transport Services from $158.00 to $195.00 and gave the company a “market perform” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.05.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $203.50 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $19.38 billion, a P/E ratio of 33.14, a P/E/G ratio of 1.66 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 $209.53. The stock has a 50 day moving average of $189.67 and a 200-day moving average of $162.68.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the business earned $1.53 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services declared that its Board of Directors has authorized a share buyback program on Wednesday, October 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the transportation company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at J.B. Hunt Transport Services

In related news, insider Bradley W. Hicks sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $190.04, for a total value of $380,080.00. Following the transaction, the insider owned 30,499 shares in the company, valued at approximately $5,796,029.96. This represents a 6.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 6,500 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the completion of the transaction, the executive vice president directly owned 12,976 shares in the company, valued at approximately $2,192,944. This represents a 33.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 15,109 shares of company stock valued at $2,688,970. Corporate insiders own 2.30% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.