J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 80.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,000 shares of the transportation company’s stock after selling 12,446 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in J.B. Hunt Transport Services were worth $512,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC raised its stake in J.B. Hunt Transport Services by 8.0% in the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 61 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of J.B. Hunt Transport Services by 18.6% during the fourth quarter. Blue Trust Inc. now owns 535 shares of the transportation company’s stock worth $92,000 after buying an additional 84 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after buying an additional 86 shares during the last quarter. Wahed Invest LLC raised its position in shares of J.B. Hunt Transport Services by 4.6% in the fourth quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company’s stock valued at $355,000 after buying an additional 91 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of J.B. Hunt Transport Services by 10.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,199 shares of the transportation company’s stock valued at $205,000 after buying an additional 112 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial dropped their price objective on J.B. Hunt Transport Services from $165.00 to $130.00 and set a “hold” rating for the company in a report on Thursday, April 17th. Raymond James dropped their price target on J.B. Hunt Transport Services from $190.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group reduced their price objective on J.B. Hunt Transport Services from $188.00 to $166.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Susquehanna set a $140.00 target price on J.B. Hunt Transport Services and gave the stock a “neutral” rating in a report on Wednesday, April 16th. Finally, Stephens cut their price target on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Nine 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Nicholas Hobbs purchased 1,529 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the transaction, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

J.B. Hunt Transport Services Stock Down 1.2%

Shares of J.B. Hunt Transport Services stock opened at $137.42 on Monday. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The company has a market capitalization of $13.63 billion, a PE ratio of 24.72, a P/E/G ratio of 1.61 and a beta of 1.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The business has a 50-day moving average of $138.67 and a 200-day moving average of $161.19.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.28%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.94%.

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.