Harel Insurance Investments & Financial Services Ltd. Has $141,000 Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Harel Insurance Investments & Financial Services Ltd. lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 18.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 829 shares of the transportation company’s stock after selling 193 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in J.B. Hunt Transport Services were worth $141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JBHT. Catalyst Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services during the 3rd quarter worth approximately $26,000. True Wealth Design LLC raised its position in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after purchasing an additional 142 shares during the period. Cromwell Holdings LLC lifted its holdings in shares of J.B. Hunt Transport Services by 47.2% in the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock worth $41,000 after purchasing an additional 76 shares in the last quarter. Versant Capital Management Inc grew its position in J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares during the period. Finally, Huntington National Bank increased its stake in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the sale, the chief executive officer now owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,859 shares of company stock valued at $2,907,905. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT opened at $169.96 on Friday. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a market capitalization of $17.14 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.61 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $178.40 and a 200-day moving average price of $174.46.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the firm earned $1.47 EPS. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.62 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.94%.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group decreased their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. TD Cowen decreased their price objective on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Stephens restated an “overweight” rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Evercore ISI cut their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, UBS Group reduced their price objective on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $191.11.

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.