J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Holdings Boosted by Dark Forest Capital Management LP

Dark Forest Capital Management LP increased its position 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 fund owned 11,822 shares of the transportation company's stock after acquiring an additional 10,217 shares during the quarter. Dark Forest Capital Management LP's holdings in J.B. Hunt Transport Services were worth $2,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. National Pension Service purchased a new stake in J.B. Hunt Transport Services in the fourth quarter valued at $30,000. BankPlus Trust Department purchased a new position in J.B. Hunt Transport Services during the fourth quarter worth about $34,000. Versant Capital Management Inc increased its position in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock valued at $48,000 after acquiring an additional 142 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after acquiring an additional 134 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after acquiring an additional 86 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

JBHT traded up $0.61 during midday trading on Monday, reaching $130.34. 242,822 shares of the company's stock were exchanged, compared to its average volume of 946,725. 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's 50-day moving average price is $146.71 and its 200 day moving average price is $166.84. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The stock has a market capitalization of $13.03 billion, a PE ratio of 23.44, a P/E/G ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to analysts' expectations 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 anticipate 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a $0.44 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.35%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the firm'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 of the company's stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Nicholas Hobbs purchased 1,529 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the acquisition, 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. Corporate insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Benchmark reissued a "buy" rating and issued a $175.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. UBS Group dropped their price target on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus set a $150.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Citigroup reduced their price target on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Stephens cut their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.