CenterBook Partners LP Sells 3,108 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

CenterBook Partners LP decreased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 35.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,757 shares of the transportation company's stock after selling 3,108 shares during the period. CenterBook Partners LP's holdings in J.B. Hunt Transport Services were worth $982,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBHT. Wellington Management Group LLP grew its stake in shares of 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 acquiring an additional 1,024,295 shares during the last quarter. Norges Bank bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth about $146,618,000. Thrivent Financial for Lutherans raised its position in shares of 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 valued at $163,237,000 after buying an additional 503,324 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of 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 valued at $37,689,000 after buying an additional 134,476 shares during the period. Finally, Invesco Ltd. grew its position in J.B. Hunt Transport Services by 5.1% during the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock worth $362,554,000 after buying an additional 104,019 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT traded up $3.79 during trading hours on Thursday, hitting $128.52. The company had a trading volume of 792,058 shares, compared to its average volume of 949,684. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.61 and a beta of 1.27. 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 business has a fifty day moving average of $152.14 and a 200-day moving average of $168.65. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. The company 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%. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.37%. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 31.94%.

Insider Activity

In other news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 value of $771,628.00. Following the sale, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on JBHT shares. Citigroup decreased their price objective on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. TD Cowen dropped their target price on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday. Truist Financial reduced 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 research note on Thursday. Deutsche Bank Aktiengesellschaft started 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 target on the stock. Finally, Sanford C. Bernstein set a $148.00 price target on J.B. Hunt Transport Services and gave the company a "market perform" rating in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $164.24.

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.