J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Holdings Lowered by Quarry LP

Quarry LP cut its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 53.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264 shares of the transportation company’s stock after selling 302 shares during the period. Quarry LP’s holdings in J.B. Hunt Transport Services were worth $45,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in J.B. Hunt Transport Services by 428.4% in the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock worth $215,610,000 after purchasing an additional 1,024,295 shares during the period. Norges Bank bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth $146,618,000. Demars Financial Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 16,964.6% in the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company’s stock valued at $104,113,000 after buying an additional 606,484 shares during the period. Thrivent Financial for Lutherans grew its holdings in J.B. Hunt Transport Services by 111.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock worth $163,237,000 after acquiring an additional 503,324 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in J.B. Hunt Transport Services by 155.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock worth $37,689,000 after acquiring an additional 134,476 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the purchase, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Trading Up 2.9 %

J.B. Hunt Transport Services stock opened at $133.57 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. 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 stock has a market cap of $13.25 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.61 and a beta of 1.27. The company’s fifty day simple moving average is $143.24 and its 200-day simple moving average is $165.47.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. 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 $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.32%. The ex-dividend date is Friday, May 9th. J.B. Hunt Transport Services’s payout ratio is presently 31.94%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JBHT. The Goldman Sachs Group lowered their price objective on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Truist Financial decreased their price target on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a “hold” rating on the stock in a research report on Thursday, April 17th. Bank of America dropped their price target on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Stephens reduced their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Susquehanna set a $140.00 target price on J.B. Hunt Transport Services and gave the stock a “neutral” rating in a research report on Wednesday, April 16th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average price target of $162.20.

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.