J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 67.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,316 shares of the transportation company’s stock after selling 13,194 shares during the quarter. Quantbot Technologies LP’s holdings in J.B. Hunt Transport Services were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. True Wealth Design LLC increased its position in J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 142 shares during the period. National Pension Service acquired a new position in J.B. Hunt Transport Services during the 4th quarter worth $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth $34,000. Versant Capital Management Inc increased 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 valued at $48,000 after purchasing an additional 142 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $149.95 on Wednesday. J.B. Hunt Transport Services, Inc. has a one year low of $144.34 and a one year high of $200.40. The company has a 50-day moving average of $164.22 and a two-hundred day moving average of $172.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the business posted $1.47 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.17%. J.B. Hunt Transport Services’s payout ratio is currently 31.65%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. This represents a 6.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on JBHT. Deutsche Bank Aktiengesellschaft started coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a “hold” rating and a $167.00 target price for the company. Truist Financial started coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, March 13th. They set a “hold” rating and a $165.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. TD Cowen decreased their price target on 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. Finally, Bank of America dropped their price objective on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.80.

J.B. Hunt Transport Services Company 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.