Woodline Partners LP Sells 88,426 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Woodline Partners LP lowered its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 62.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,337 shares of the transportation company's stock after selling 88,426 shares during the quarter. Woodline Partners LP owned 0.05% of J.B. Hunt Transport Services worth $9,102,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC boosted its position in J.B. Hunt Transport Services by 8.0% during the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock worth $140,000 after purchasing an additional 61 shares in the last quarter. Blue Trust Inc. raised its position in J.B. Hunt Transport Services by 18.6% in the fourth quarter. Blue Trust Inc. now owns 535 shares of the transportation company's stock valued at $92,000 after purchasing an additional 84 shares during the period. Smartleaf Asset Management LLC raised 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 valued at $58,000 after buying an additional 86 shares during the period. Wahed Invest LLC raised its holdings in shares of J.B. Hunt Transport Services by 4.6% in the 4th 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 period. Finally, Man Group plc grew its stake in J.B. Hunt Transport Services by 0.9% during the 4th quarter. Man Group plc now owns 11,165 shares of the transportation company's stock worth $1,905,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Down 0.1%

JBHT traded down $0.09 during trading on Wednesday, reaching $139.91. 147,470 shares of the company's stock were exchanged, compared to its average volume of 984,652. The company's fifty day moving average price is $138.33 and its 200-day moving average price is $160.66. The firm has a market capitalization of $13.88 billion, a PE ratio of 25.17, a P/E/G ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week 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.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given 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 dividend yield of 1.26%. J.B. Hunt Transport Services's dividend payout ratio is 31.94%.

Analyst Ratings Changes

Several equities analysts recently weighed in on JBHT shares. Bank of America raised their price objective on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Barclays lowered their target price on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a "hold" rating and a $167.00 price objective for the company. Wells Fargo & Company cut their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, TD Cowen cut their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Nine 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

Insider Buying and Selling

In other news, COO Nicholas Hobbs bought 1,529 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the purchase, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Darren P. Field sold 1,200 shares of the firm's 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 completion of the sale, the executive vice president now owns 17,822 shares of the company's stock, valued at $2,881,282.74. The trade was a 6.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

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.