Bleakley Financial Group LLC Has $237,000 Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Bleakley Financial Group LLC lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,188 shares of the transportation company’s stock after selling 84 shares during the period. Bleakley Financial Group LLC’s holdings in J.B. Hunt Transport Services were worth $237,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mackenzie Financial Corp boosted its stake in J.B. Hunt Transport Services by 0.9% during the 1st quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock valued at $1,264,000 after purchasing an additional 56 shares during the last quarter. Drive Wealth Management LLC boosted its stake in J.B. Hunt Transport Services by 3.5% during the 4th quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 57 shares during the last quarter. Garrison Asset Management LLC boosted its stake in J.B. Hunt Transport Services by 0.4% during the 3rd quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock valued at $2,532,000 after purchasing an additional 59 shares during the last quarter. Yousif Capital Management LLC boosted its stake in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock valued at $2,661,000 after purchasing an additional 60 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in J.B. Hunt Transport Services by 26.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer acquired 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at $1,014,950. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $1,014,950. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brian Webb sold 900 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $208.54, for a total transaction of $187,686.00. Following the sale, the executive vice president now owns 15,032 shares in the company, valued at approximately $3,134,773.28. The disclosure for this sale can be found here. Insiders sold a total of 20,432 shares of company stock valued at $4,309,687 over the last three months. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $185.10 on Tuesday. The company has a market cap of $19.12 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The company has a 50-day moving average price of $201.37 and a 200-day moving average price of $193.38. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. J.B. Hunt Transport Services, Inc. has a 12 month low of $164.39 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.27). The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The business’s revenue was down 9.6% on a year-over-year basis. During the same period last year, the company posted $1.92 earnings per share. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.61 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.43 dividend. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, February 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 24.68%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JBHT. Benchmark reiterated a “buy” rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, March 13th. Robert W. Baird reissued an “outperform” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 19th. Susquehanna dropped their target price on shares of J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. StockNews.com cut shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating on the stock in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $205.56.

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.