Financial Partners Group LLC Sells 347 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Financial Partners Group LLC lessened its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.7% in the fourth quarter, HoldingsChannel reports. The fund owned 9,067 shares of the transportation company’s stock after selling 347 shares during the period. Financial Partners Group LLC’s holdings in J.B. Hunt Transport Services were worth $1,547,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. TD Cowen dropped 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. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company dropped their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, UBS Group reduced their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a report 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 stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $191.11.

Insider Buying and Selling

In related news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares in the company, valued at $127,904. This trade represents a 17.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now directly owns 8,235 shares in the company, valued at $1,563,579.45. The trade was a 16.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,859 shares of company stock worth $2,907,905 in the last 90 days. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Trading Down 2.6 %

Shares of J.B. Hunt Transport Services stock opened at $170.28 on Friday. The firm’s 50 day moving average is $178.65 and its 200 day moving average is $174.25. The firm has a market capitalization of $17.17 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

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). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 EPS. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share for the current fiscal year.

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.