Kingswood Wealth Advisors LLC Sells 1,017 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Kingswood Wealth Advisors LLC reduced its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 15.7% in the 1st quarter, Holdings Channel reports. The fund owned 5,444 shares of the transportation company’s stock after selling 1,017 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $1,085,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Drive Wealth Management LLC lifted its position in shares of J.B. Hunt Transport Services by 3.5% in the fourth 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 last quarter. Exchange Traded Concepts LLC boosted its stake in J.B. Hunt Transport Services by 26.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 62 shares during the period. New York Life Investment Management LLC grew its holdings in J.B. Hunt Transport Services by 0.5% in 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 in the last quarter. Czech National Bank increased its position 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 worth $2,859,000 after buying an additional 75 shares during the period. Finally, Tempus Wealth Planning LLC lifted its holdings in shares of J.B. Hunt Transport Services by 1.4% during the fourth quarter. Tempus Wealth Planning LLC now owns 5,628 shares of the transportation company’s stock worth $1,124,000 after buying an additional 76 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Activity

In other J.B. Hunt Transport Services news, CEO John N. Roberts purchased 6,200 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was purchased at an average price of $161.06 per share, with a total value of $998,572.00. Following the completion of the purchase, the chief executive officer now owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT traded up $0.86 on Wednesday, hitting $157.13. The company had a trading volume of 516,488 shares, compared to its average volume of 838,704. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. 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 capitalization of $16.22 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.78 and a beta of 1.15. The firm has a 50 day moving average of $161.84 and a two-hundred day moving average of $186.43.

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

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.30%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JBHT. Bank of America dropped their price objective on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. StockNews.com raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Stifel Nicolaus lowered their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Loop Capital cut their target price on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Finally, Susquehanna decreased their price target on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $192.29.

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.