J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Holdings Lessened by Two Sigma Investments LP

Two Sigma Investments LP cut its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 75.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 45,517 shares of the transportation company's stock after selling 137,438 shares during the period. Two Sigma Investments LP's holdings in J.B. Hunt Transport Services were worth $7,768,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JBHT. Wellington Management Group LLP lifted its stake 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 in the last quarter. Norges Bank acquired a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at approximately $146,618,000. Demars Financial Group LLC raised its holdings in shares of J.B. Hunt Transport Services by 16,964.6% during 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 during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of 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 acquiring an additional 503,324 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of J.B. Hunt Transport Services by 194.0% in the fourth quarter. Point72 Asset Management L.P. now owns 258,467 shares of the transportation company's stock worth $44,110,000 after acquiring an additional 170,561 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Nicholas Hobbs bought 1,529 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the transaction, the chief operating officer now owns 91,847 shares of the company's stock, valued at $12,008,995.25. The trade was a 1.69% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT traded down $1.01 during mid-day trading on Friday, hitting $138.99. 178,677 shares of the company were exchanged, compared to its average volume of 986,727. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The stock has a 50 day simple moving average of $137.89 and a 200-day simple moving average of $160.12. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business 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 disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.27%. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JBHT shares. Barclays lowered their target price on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Susquehanna set a $140.00 price objective on J.B. Hunt Transport Services and gave the stock a "neutral" rating in a research note on Wednesday, April 16th. The Goldman Sachs Group dropped their target price on 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. JPMorgan Chase & Co. reduced their price target on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, TD Cowen dropped their price objective on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $162.00.

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.