Qsemble Capital Management LP Trims Position in J.B. Hunt Transport Services, Inc. $JBHT

Qsemble Capital Management LP lessened its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 37.2% during the fourth quarter, HoldingsChannel reports. The firm owned 14,364 shares of the transportation company’s stock after selling 8,515 shares during the quarter. Qsemble Capital Management LP’s holdings in J.B. Hunt Transport Services were worth $2,792,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in JBHT. Root Financial Partners LLC purchased a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth $25,000. Parkside Financial Bank & Trust lifted its stake in shares of J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after purchasing an additional 66 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of J.B. Hunt Transport Services by 52.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after purchasing an additional 76 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $31,000. Finally, Sentry Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, COO Nicholas Hobbs sold 1,272 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total value of $318,954.00. Following the completion of the sale, the chief operating officer directly owned 91,736 shares in the company, valued at approximately $23,002,802. This represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 4,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the sale, the executive vice president owned 8,696 shares of the company’s stock, valued at approximately $2,213,045.04. This represents a 31.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,510 shares of company stock valued at $2,110,410 in the last 90 days. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on JBHT shares. Citigroup increased their price target on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Raymond James Financial restated an “outperform” rating and set a $240.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. UBS Group upped their price objective on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. TD Cowen upped their price objective on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Finally, Stifel Nicolaus upped their price objective on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $228.17.

J.B. Hunt Transport Services Trading Up 3.0%

JBHT stock opened at $262.21 on Friday. The company has a market cap of $24.73 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 1.95 and a beta of 1.28. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $226.22 and a 200-day simple moving average of $207.40. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $263.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.04. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the firm earned $1.17 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.

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.