J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC lessened its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 56.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,639 shares of the transportation company’s stock after selling 9,716 shares during the period. New Wave Wealth Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $1,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew its position in J.B. Hunt Transport Services by 411.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after purchasing an additional 1,447,993 shares during the last quarter. Norges Bank acquired a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $91,094,000. Park Presidio Capital LLC grew its holdings in J.B. Hunt Transport Services by 149.5% in the 2nd quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company’s stock worth $96,337,000 after buying an additional 401,937 shares in the last quarter. First Trust Advisors LP increased its position in J.B. Hunt Transport Services by 178.9% in the 2nd quarter. First Trust Advisors LP now owns 428,704 shares of the transportation company’s stock valued at $61,562,000 after acquiring an additional 275,017 shares during the period. Finally, State Street Corp raised its stake in J.B. Hunt Transport Services by 7.1% during the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after acquiring an additional 272,594 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $210.73 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.87. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 34.32, a price-to-earnings-growth ratio of 1.70 and a beta of 1.27. The company has a 50 day simple moving average of $191.37 and a 200-day simple moving average of $163.34. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $212.00.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the business earned $1.53 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, February 6th. J.B. Hunt Transport Services’s dividend payout ratio is presently 28.66%.

J.B. Hunt Transport Services announced that its Board of Directors has initiated a share buyback program on Wednesday, October 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

JBHT has been the topic of a number of research analyst reports. Stifel Nicolaus set a $201.00 price target on J.B. Hunt Transport Services in a report on Friday, January 16th. Wolfe Research restated an “outperform” rating and set a $214.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, January 8th. Citigroup cut shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and increased their price objective for the company from $175.00 to $221.00 in a report on Wednesday, January 7th. Barclays upped their target price on J.B. Hunt Transport Services from $150.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Finally, Benchmark increased their price target on J.B. Hunt Transport Services from $212.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday. Twelve analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.05.

Insider Buying and Selling

In other news, CAO John Kuhlow sold 3,225 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $179.76, for a total transaction of $579,726.00. Following the completion of the sale, the chief accounting officer directly owned 13,095 shares of the company’s stock, valued at $2,353,957.20. This trade represents a 19.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Darren P. Field sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total value of $1,098,500.00. Following the completion of the sale, the executive vice president directly owned 12,976 shares of the company’s stock, valued at approximately $2,192,944. The trade was a 33.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 18,147 shares of company stock worth $3,302,555. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Profile

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.