Xponance Inc. Sells 4,245 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Xponance Inc. reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,239 shares of the transportation company's stock after selling 4,245 shares during the quarter. Xponance Inc.'s holdings in J.B. Hunt Transport Services were worth $4,137,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in J.B. Hunt Transport Services by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock valued at $163,237,000 after purchasing an additional 503,324 shares during the last quarter. Paloma Partners Management Co lifted its holdings in shares of J.B. Hunt Transport Services by 14,254.9% in the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company's stock valued at $32,035,000 after purchasing an additional 184,601 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of J.B. Hunt Transport Services by 155.7% during 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 last quarter. Point72 Asset Management L.P. bought a new stake in J.B. Hunt Transport Services during the third quarter worth $15,149,000. Finally, Scopia Capital Management LP purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at $12,630,000. 74.95% of the stock is owned by institutional investors.

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J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock traded down $2.07 during mid-day trading on Tuesday, reaching $149.95. The company's stock had a trading volume of 972,123 shares, compared to its average volume of 875,839. The firm's fifty day moving average price is $164.85 and its two-hundred day moving average price is $172.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services, Inc. has a 12-month low of $144.34 and a 12-month high of $200.40. The company has a market capitalization of $15.00 billion, a P/E ratio of 26.97, a PEG ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 earnings per share. Sell-side analysts predict 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 business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.44 per share. The ex-dividend date was Friday, February 7th. This is a boost 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 1.17%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.65%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on JBHT shares. Benchmark reiterated a "buy" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a "hold" rating and a $167.00 price objective for the company. Evercore ISI cut their target price on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Susquehanna raised J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price target for the company in a research report on Friday, January 3rd. Finally, TD Cowen dropped their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating on the stock in a report on Friday, January 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and an average target price of $186.80.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the company's 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 owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction 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 sale, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. This represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company's stock.

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.