J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Position Reduced by Trexquant Investment LP

Trexquant Investment LP decreased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 42.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,643 shares of the transportation company’s stock after selling 16,654 shares during the quarter. Trexquant Investment LP’s holdings in J.B. Hunt Transport Services were worth $3,864,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. iA Global Asset Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after acquiring an additional 55 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in J.B. Hunt Transport Services by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock worth $878,000 after purchasing an additional 61 shares during the last quarter. Signaturefd LLC raised its stake in shares of J.B. Hunt Transport Services by 8.0% during the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock worth $140,000 after purchasing an additional 61 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 18.6% during the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company’s stock valued at $92,000 after buying an additional 84 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew 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 valued at $58,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on JBHT. JPMorgan Chase & Co. decreased their target price on shares of 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. UBS Group decreased their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a report on Friday, March 7th. They set a “hold” rating and a $167.00 target price on the stock. Barclays decreased their price target on J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 2nd. Finally, Truist Financial initiated coverage on J.B. Hunt Transport Services in a report on Thursday, March 13th. They issued a “hold” rating and a $165.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.55.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $134.66 on Monday. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a one year low of $127.35 and a one year high of $200.40. The business has a fifty day simple moving average of $159.46 and a 200 day simple moving average of $171.26. 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 announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 EPS. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.44 dividend. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, 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 completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

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.