Dark Forest Capital Management LP Grows Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Dark Forest Capital Management LP raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 636.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,822 shares of the transportation company's stock after acquiring an additional 10,217 shares during the period. Dark Forest Capital Management LP's holdings in J.B. Hunt Transport Services were worth $2,018,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in J.B. Hunt Transport Services by 428.4% during 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 last quarter. Norges Bank bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $146,618,000. Demars Financial Group LLC boosted its stake in shares of J.B. Hunt Transport Services by 16,964.6% in the 4th quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock worth $104,113,000 after buying an additional 606,484 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of J.B. Hunt Transport Services by 111.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock valued at $163,237,000 after acquiring an additional 503,324 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings 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 acquiring an additional 134,476 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value 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. This represents a 6.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Up 1.1 %

Shares of NASDAQ JBHT opened at $128.52 on Wednesday. The business has a 50-day simple moving average of $149.13 and a two-hundred day simple moving average of $167.55. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The company has a market cap of $12.85 billion, a P/E ratio of 23.12, a P/E/G 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.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.44 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.37%. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JBHT. Deutsche Bank Aktiengesellschaft assumed coverage on J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a "hold" rating and a $167.00 price objective on the stock. Benchmark restated a "buy" rating and set a $175.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. TD Cowen lowered their price objective 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 report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus set a $150.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, J.B. Hunt Transport Services 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.

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