Bridgewater Advisors Inc. Lowers Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Bridgewater Advisors Inc. reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.8% in the 4th quarter, Holdings Channel reports. The fund owned 10,901 shares of the transportation company’s stock after selling 200 shares during the period. Bridgewater Advisors Inc.’s holdings in J.B. Hunt Transport Services were worth $2,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. VisionPoint Advisory Group LLC boosted its stake in shares of J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after acquiring an additional 87 shares in the last quarter. Operose Advisors LLC acquired a new position in J.B. Hunt Transport Services in the 3rd quarter worth about $34,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in J.B. Hunt Transport Services during the third quarter worth approximately $36,000. Exchange Traded Concepts LLC acquired a new stake in J.B. Hunt Transport Services in the third quarter valued at approximately $45,000. Finally, Cary Street Partners Investment Advisory LLC increased its position in shares of J.B. Hunt Transport Services by 505.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after buying an additional 258 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Trading Up 0.3 %

Shares of JBHT traded up $0.41 during mid-day trading on Tuesday, reaching $162.57. The stock had a trading volume of 1,200,812 shares, compared to its average volume of 852,341. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15. The business’s fifty day moving average is $191.84 and its 200 day moving average is $191.83. J.B. Hunt Transport Services, Inc. has a 52-week low of $160.07 and a 52-week high of $219.51. The firm has a market cap of $16.79 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 2.13 and a beta of 1.11.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.06%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of research analyst reports. Barclays dropped their price target on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. BMO Capital Markets decreased their price target on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. StockNews.com upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Finally, Benchmark reiterated a “buy” rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $194.24.

Insider Activity

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer purchased 5,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $1,014,950. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now owns 42,411 shares in the company, valued at approximately $9,021,243.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the firm’s stock in a transaction on 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 purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $1,014,950. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 15,454 shares of company stock valued at $3,283,219. 2.10% of the stock is currently owned by company insiders.

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.