J. Goldman & Co LP Cuts Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

J. Goldman & Co LP decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,795 shares of the transportation company’s stock after selling 21,397 shares during the period. J. Goldman & Co LP owned about 0.11% of J.B. Hunt Transport Services worth $19,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. grew its position in shares of J.B. Hunt Transport Services by 0.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company’s stock valued at $225,209,000 after purchasing an additional 8,725 shares during the period. Janus Henderson Group PLC boosted its holdings in J.B. Hunt Transport Services by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company’s stock worth $578,572,000 after buying an additional 15,476 shares during the last quarter. Gotham Asset Management LLC increased its stake in J.B. Hunt Transport Services by 47.4% during the 4th quarter. Gotham Asset Management LLC now owns 34,656 shares of the transportation company’s stock worth $5,914,000 after buying an additional 11,139 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of J.B. Hunt Transport Services by 55.7% during the fourth quarter. Focus Partners Wealth now owns 2,902 shares of the transportation company’s stock valued at $495,000 after acquiring an additional 1,038 shares during the last quarter. Finally, Eisler Capital Management Ltd. purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $7,110,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

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

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JBHT shares. Truist Financial decreased their price objective on J.B. Hunt Transport Services from $165.00 to $130.00 and set a “hold” rating on the stock in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They set a “hold” rating and a $167.00 price objective for the company. TD Cowen decreased their target price on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group dropped their price target on J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered their price objective on J.B. Hunt Transport Services from $167.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.20.

J.B. Hunt Transport Services Trading Down 1.5 %

Shares of J.B. Hunt Transport Services stock opened at $135.44 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market capitalization of $13.43 billion, a P/E ratio of 24.36, a PEG ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The company’s fifty day moving average is $140.73 and its two-hundred day moving average is $163.92.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.92 billion. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company 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 $0.44 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.30%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.94%.

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.