Hudson Bay Capital Management LP Has $6.69 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hudson Bay Capital Management LP lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 12.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 39,193 shares of the transportation company’s stock after selling 5,417 shares during the period. Hudson Bay Capital Management LP’s holdings in J.B. Hunt Transport Services were worth $6,689,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. National Pension Service acquired a new position in J.B. Hunt Transport Services during the 4th quarter valued at about $30,000. BankPlus Trust Department acquired a new position in J.B. Hunt Transport Services during the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC boosted its stake in J.B. Hunt Transport Services by 68.7% during the 4th 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 during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after buying an additional 86 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of J.B. Hunt Transport Services by 140.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company’s stock worth $62,000 after buying an additional 212 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 1.5%

NASDAQ:JBHT opened at $135.44 on Monday. The company has a market cap of $13.43 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.61 and a beta of 1.33. The stock’s fifty day moving average price is $140.73 and its two-hundred day moving average price is $163.84. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. As a group, analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.44 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.30%. J.B. Hunt Transport Services’s payout ratio is currently 31.94%.

Insider Transactions at J.B. Hunt Transport Services

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on JBHT shares. Susquehanna set a $140.00 target price on J.B. Hunt Transport Services and gave the stock a “neutral” rating in a research note on Wednesday, April 16th. Bank of America cut their target price 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. Stifel Nicolaus set a $150.00 target price on J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Evercore ISI cut their target price on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Stephens cut their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.20.

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.