LVW Advisors LLC Sells 114 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

LVW Advisors LLC reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 8.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,193 shares of the transportation company’s stock after selling 114 shares during the quarter. LVW Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $238,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Drive Wealth Management LLC raised its holdings 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 buying an additional 57 shares during the period. Exchange Traded Concepts LLC raised its holdings 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 buying an additional 62 shares during the period. New York Life Investment Management LLC raised its holdings in J.B. Hunt Transport Services by 0.5% during the 4th quarter. New York Life Investment Management LLC now owns 12,711 shares of the transportation company’s stock valued at $2,539,000 after buying an additional 65 shares during the period. Czech National Bank raised its holdings in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock valued at $2,859,000 after buying an additional 75 shares during the period. Finally, Tempus Wealth Planning LLC raised its holdings in J.B. Hunt Transport Services by 1.4% during the 4th quarter. Tempus Wealth Planning LLC now owns 5,628 shares of the transportation company’s stock valued at $1,124,000 after buying an additional 76 shares during the period. 74.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Susquehanna reduced their target price on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Loop Capital cut their price target on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Evercore ISI cut their price target on J.B. Hunt Transport Services from $199.00 to $191.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. BMO Capital Markets dropped their price objective on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Finally, StockNews.com raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average price target of $191.38.

J.B. Hunt Transport Services Stock Up 1.8 %

Shares of JBHT stock opened at $160.00 on Monday. The stock has a 50 day moving average of $161.56 and a 200 day moving average of $185.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The stock has a market cap of $16.51 billion, a P/E ratio of 25.40, a P/E/G ratio of 1.82 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.31). The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.48 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insider Activity

In other J.B. Hunt Transport Services news, CEO John N. Roberts acquired 6,200 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was acquired at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

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.