Renaissance Technologies LLC Sells 45,000 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Renaissance Technologies LLC cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 54.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,944 shares of the transportation company's stock after selling 45,000 shares during the quarter. Renaissance Technologies LLC's holdings in J.B. Hunt Transport Services were worth $6,476,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Morse Asset Management Inc acquired a new position in J.B. Hunt Transport Services during the third quarter valued at approximately $86,000. MML Investors Services LLC boosted its stake in shares of J.B. Hunt Transport Services by 4.4% in the third quarter. MML Investors Services LLC now owns 4,667 shares of the transportation company's stock valued at $804,000 after purchasing an additional 195 shares during the period. Barclays PLC grew its holdings in J.B. Hunt Transport Services by 37.5% during the 3rd quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock valued at $40,698,000 after purchasing an additional 64,380 shares in the last quarter. Sanctuary Advisors LLC increased its stake in J.B. Hunt Transport Services by 42.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,047 shares of the transportation company's stock worth $1,103,000 after buying an additional 1,789 shares during the period. Finally, Arvest Bank Trust Division acquired a new position in J.B. Hunt Transport Services in the 3rd quarter worth $1,578,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Trading Up 0.7 %

J.B. Hunt Transport Services stock traded up $0.94 during midday trading on Thursday, reaching $131.30. The stock had a trading volume of 169,932 shares, compared to its average volume of 1,142,879. The firm's fifty day simple moving average is $148.34 and its two-hundred day simple moving average is $167.29. 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, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.92 billion. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

Insider Activity

In other J.B. Hunt Transport Services 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 $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Benchmark reiterated a "buy" rating and issued a $175.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Stifel Nicolaus set a $150.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. The Goldman Sachs Group decreased their price objective on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Truist Financial cut 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, April 17th. Finally, Wells Fargo & Company reduced their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $162.20.

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.