D. E. Shaw & Co. Inc. Has $512,000 Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

D. E. Shaw & Co. Inc. lowered its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 80.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,000 shares of the transportation company's stock after selling 12,446 shares during the period. 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.

A number of other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after buying an additional 1,024,295 shares during the period. Norges Bank acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at $146,618,000. Demars Financial Group LLC raised its stake in shares of J.B. Hunt Transport Services by 16,964.6% in the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock valued at $104,113,000 after acquiring an additional 606,484 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in 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 purchasing an additional 503,324 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in J.B. Hunt Transport Services by 10.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,181,027 shares of the transportation company's stock worth $201,555,000 after purchasing an additional 108,933 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on JBHT shares. Truist Financial lowered 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 research report on Thursday, April 17th. Raymond James dropped their price objective on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a "market perform" rating in a research report on Wednesday, April 16th. Stifel Nicolaus set a $150.00 target price on J.B. Hunt Transport Services in a report on Wednesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a "hold" rating and a $167.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $162.00.

Insider Activity

In related news, 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 transaction of $194,004.00. Following the transaction, the executive vice president now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Nicholas Hobbs purchased 1,529 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was bought at an average price 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 $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.

J.B. Hunt Transport Services Price Performance

JBHT stock traded down $0.26 during trading on Friday, hitting $139.75. The stock had a trading volume of 154,331 shares, compared to its average volume of 1,178,024. The stock has a market cap of $13.86 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. 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 debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The company's 50 day moving average price is $137.89 and its two-hundred day moving average price is $160.12.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.92 billion. On average, sell-side 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 company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 31.94%.

J.B. Hunt Transport Services Company 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.